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Polaris sitting just above support.

Back on July 23rd Polaris posted its best gain of 2019. The earnings inspired surge (|yseop_template_4-447181&mod=mw_quote_news) drove shares over 11% higher with the help of a big jump in volume. PII began to consolidate a week later while basing just above a very solid support area.

Selling pressure has eased dramatically over the last week. Short interest ratio(SIR) remains fairly high(5.7)=upside fuel. A close below $87.00 would be a clear warning sign that the post earnings consolidation will continue for some time.

No position.