Short Squeeze: Converted Organics Inc. (COIN)
UPDATE:  Last October, the Fusion IQ quantitative ranking system generated a BUY signal in Converted Organics Inc. (COIN), as the chart below shows.

Converted Organics Inc. (COIN) a manufacturer of organic biostimulants, a natural fertilizing product used in organic farming, scored a new FusionIQ Short Squeeze signal last week (February 21).

With 19.87% of its float short, and shares trading up on over two times its average daily trading volume, it appears that shorts betting on a price decline have been panicked into buying back shares as they advance higher.

The point and figure future projected price target for COIN shares is $17.00.  We think $10.40 is an appropriate stop loss here for traders.







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