This is the time to short. Heavy resistance at 35
$24 to $35 in 6 days. We can expect a bit of a pull back from here. great 1 to 3 day trade on the downside.
40 I think--look at longer term chart. Right now existing shorts need to unwind.
Look at the weekly chart.
This is going to be a superb shorting opportunity when it hits 40.
Watch today's closing and tomorrows activity.This stock opened up several points higher today so a stop buy would have been badly executed.Right now the action makes little sense. This is a bear market, earnings and revenue are declining and the stock moves up on an upgrade. Upgrades and downgrades occur all the time.I would only considering changing my position if the long term trend reverses - and right now this has not happened.
doubled my short by buying april 30 puts...