Short termShort term technicals show that SVC is nearing oversold. (RSI sub 40).
Bolinger is narrowing.
We've bottomed old highs ($2.78-$2.82), released good news of $5 mil sale and trading volume is up.
My prediction is we're going to see an accumulation next week with flat-ish SP.
Hopefully then (if all else stays the same) we'll see SVC back up above the $3's soon enough.
Shorts are strong on this one. But management keeps buying so thats reassuring (I guess..).
P.S Scotiabank has PT of $3.50, Sector perform.