Celestica Stock Pullback Presents Buying Opportunity

Group 1 - Celestica Inc (NYSE:CLS) stock has recently experienced a pullback from all-time highs to its 20-day moving average, presenting potential buying opportunities after a post-earnings breakout above $64 in October [2] - The stock exhibited a bullish island reversal pattern in late January following quarterly results, indicating an ideal time to buy call options [2] - There is a limited number of brokerages covering CLS, with eight out of nine rating it a "buy" or better, suggesting potential for further analyst coverage [3] Group 2 - Short interest in CLS has increased by 20.4% in the last two reporting periods and 57% since September, yet the stock has continued to rally, indicating technical strength [3] - It would take shorts nearly three days to cover their positions based on the equity's average daily trading volume [3] - The recommended call option has a leverage ratio of 4.8, which would double with a 21.3% rise in the underlying equity [4]