Capable of a Monstrous Squeeze Attack

I still view IMAX as an explosive short squeeze candidate to the upside, especially as we head into the big Hollywood Christmas film releases. The stock remains very heavily-shorted. And observing the technicals on the daily chart, below, if the $28.70 area below can now hold as newfound support the thesis has a chance to work. In addition, price is curling up off the 50-day moving average (dark blue line). A move back over $30.25 should put short in a tough spot into year-end.