Gaming the One-Trick Ponies

As I mentioned before, BlackBerry trades like a single-trick pony (or a one-drug focused biotechnology firm hinging on FDA announcements and tests, nonstop), with each pop being soundly faded for an overall sideways chart. 

Still, the is heavily-shorted, ripe for a squeeze. And for those of you trading on a Friday before a long, holiday weekend and the unofficial start of summer it is hard to see shorts pressing here. 

Thus, on the 10-minute chart for BBRY, below, I would key off the highlighted consolidation to see if price can push up and off the $10.50 level today, which is important for any day-trade longs having much success.