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Small Cap Paper Company Sets Up Bullish

Small Cap Paper Company Sets Up Bullish

by | Dec 2, 2021 | Chart SetUps

Clearwater Paper (CLW) a nice looking set-up with the consolidation pattern riding the 55-day moving average higher and the small $650M company saw unusual 1200 April $50 calls with buyers on 12/2 and already has notable open interest in January calls. CLW hired a new CEO to start 2020 after years of execution issues, cost overruns, poorly timed M&A deals, and much more while the balance sheet got stretched as well.