Eastman Kodak Pops; Bullish Pattern Confirmed

Shares of Eastman Kodak

are moving higher this morning; currently, they are up by 4.87%, trading at $2.80. Eastman Kodak is on the high of the day. The stock recently jumped higher on high volume, recently topping at $3.34. Shares consolidated lower, but found support at the 20-day and 50-day moving averages and are now moving higher. Yesterday's close set the potential for further higher prices and today's action is confirming the trend. Eastman Kodak now has its sights set on $3.00 and $3.34. Note that EK has 30.36% short interest. Eastman Kodak Company is engaged in the sale of imaging products, technology, solutions and services to consumers, businesses and professionals. Kodak operates in three segments: Consumer Digital Imaging Group (CDG), Graphic Communications Group (GCG) and Film, Photofinishing and Entertainment Group (FPEG).