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SZYM To Trade Lower - Exit Long And Short The Stock

|Includes: IQVIA Holdings, Inc. (IQV)

What a wild ride for SZYM. The stock went from a high of 16.31 on 4/3/12 to a low of 9.40 on 5/3/12 (a 40% drop in just a month) and then rally to a high of 12.59 on 6/12/12 (a run-up of 34% in a little over a month). Don't let the recent rally fool you into thinking this stock is heading higher still.

Let's consider some of the metrics I look at.

  1. The short ratio - it's 13.90. This means that it would take 13.9 days based on average daily volume to cover the number of shares short. 13.90 is a high number indeed. A lot of people are betting against this company.
  2. Technically, the name looks a bit stretched.
  3. On a strong tape on Tuesday, SZYM actually declined a bit. This is not a good sign.

SZYM to trade lower.