$30 is just where it traded only 9 months ago! 
Friday is a proven day fro momentum traders to solidify their hard chasing. They are looking for the “weekly breakout” not just a daily. THey want to see daily and weekly (14) RSI >or= 70. These are some of the guidelines they use to scan for hot trends. If it;s a Friday it often becomes a self fulfilling prophecy. They chase their own stocks to attract even more frenzy!
It’s even better when you have a stock with a float of 3.9 million shares. That’s as small as floats get with stocks that have amazing fundies to back performance. Like an under 100 million dollar market cap and triple digit earnings growth.
Don’t fall for first hour shakeouts! When the setup is as bold as JVA’s is you at the very least have to expect a close near the high. That high could be anywhere between $14 $18 or a straight 100% Friday Whiz Banger Zoomer Deluxe, and tag $30
