Take the narrow trading range and add to it the low volume over the last week, most days less than 1 million shares traded, and with the number of shorts outstanding, you have an interesting situation brewing.
I would have liked to see a larger volume capitulation, however, I am beginning to wonder if the MM's and the others that make the markets are creating a set up for a huge runup on expected good news coming up.
If you are a large short at the moment, with the low volume you are kind of stuck at the moment.
Maybe wishful thinking, but I have been wondering about the weird trading action the last several days as well.