There's 2 events going on. The first one is that the stock just began consolidation.... If you have a long term horizon, there's an inverted head and shoulders on the one year chart.... That means that over the long term, the sentiment is bullish. Now, the consolidation is ocurring between $11.00-$11:20 (Support) and $12.50-$13.00 (Resistance).
Depending on wheather you are an investor or trader this may or may not help you.... Oh, and forget about the DJIA or the SPY 500...WFT does not belong to any of those two indices and does not react too much to how the general market behaves. WFT is an oil and gas service company and will react more to news about or how the Oil futures and/or energy market behave.
So, buy @ or around $11:20 (place a stop loss @ $10.50) and sell @ or aroud $12.30 (With a stop loss @12.60). Do not initiate new positions if WFT keeps going down under $10:50 and/or above $12.60 until it breaks support and/or resistance. Use trailing limit/stop loss orders just in case.
IMO, even though out of the 16 stocks I own only WFT is down on an up day (today), WFT will rise in the foreseeable future and as soon as it does it will be sayonara. This baby has potential to get back up to $21, then, probably back down.
I could dump the shares I have a $9, but I am not ready to take losses for the one I own at $13 and some as high as $15.