SKT has risen more than 60% in just the past month as volume has increased, but an uptrending stock with massive short interest can move much further than we'd ever imagine. The 10.00-10.50 area has been significant price resistance, so any move above this level would likely be followed up with massive short covering. A quick move to 13.00 is what I'd look for, and that represents a 30% move higher from its current level. During pullbacks, I'd
consider the rising 20 day EMA as a solid reward to risk entry point.
Happy trading!
