Can Select Comfort Stock Keep Going After Last Week's 11% Pop?

Can Select Comfort Stock Keep Going After Last Week's 11% Pop?

Sometimes the difference between a good and bad report is just a matter of giving Mr. Market a night to sleep on it. Shares of Select Comfort (NASDAQ: SCSS) initially moved sharply lower after the company posted its third-quarter results shortly after Tuesday's market close. The company behind the Sleep Number adjustable air-chambered mattress opened slightly lower come Wednesday morning, only to close nearly 6% higher on the day. 

Wednesday's turnaround was followed by upticks on Thursday and Friday, with the shares closing out the week 11% higher. Select Comfort fell short on both ends of the income statement, but a legitimate scapegoat -- hurricanes -- and the reiteration of its near- and long-term profit goals were enough to give bulls a reason to stay. A short squeeze also could've been a factor, with short interest recently at its highest level in more than a year. 

YCSXCImage source: Select Comfort.

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Source: Fool.com