Coiled Bull Wedge Sets up in Egg Producer Ripe for a Squeeze
Cal-Maine Foods (CALM) shares are curling higher and looking ready to run with a bullish MACD cross and the recent consolidation coiling near the 90-95 zone of large volume support on the profile. A move up into 100 is likely a first target with a bigger potential breakout targeting 110. The egg producer has enjoyed a strong past year up over 70% and still has a 12% short interest that could fuel a short squeeze into a breakout higher.