$UWMC finally finds a floor and is ready to rebound
Massive short interest plus a surprising lack of volume following Russel Index inclusion disappointed the retail investor sending the price unreasonably low. Support level of 8.48 has been tested and I expect institutional buying to begin at these bargain prices. Volume must pick up to create bullish momentum. This is a well established company with a high dividend payout and is Russel indexed the Institutional buyers will drive the rebound.
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