Small Module Reactor Stock Oklo Inc (NYSE:OKLO) is 5.9% higher to trade at $76.68 this afternoon, aiming for its ninth win in 10 sessions. Behind today’s pop is news that the company will partner with Nvidia (NVDA) and Los Alamos National Laboratory to support nuclear-powered AI factories in Los Alamos, California.
Today’s jump has oklo shares creating some separation from its year-to-date level and increasing its April gain from 55.8%. This rally causes OKLO to issue a bullish quantitative signal that could catapult the stock back near its October all-time highs.
The trend line in question is the stock’s 80-day moving average. According to Rocky White, Senior Quantitative Analyst at Schaeffer, this “crossover” event occurred twice in the last 10 years, after which OKLO rose a month later on both occasions, averaging an incredible 133.3% gain. From its current position, an upward move of this magnitude would put the stock just below $180, just shy of its Oct. 15 record of $193.84.
The population is also ready to be squeezed. Shorts have been accumulating, with short interest increasing 26.2% over the last two reporting periods, now representing 16.9% of the stock’s available float. At OKLO’s average trading pace, it would take short sellers almost three days to buy back these bets.
the actions Schaeffer Volatility Scorecard (SVS) it scores 87 out of 100. In other words, the stock has consistently experienced greater volatility than its options have priced it in over the past 12 months.