| The stock is currently trading up after opening in a spike down this morning. Interestingly, the move down helped to form the last element of a right shoulder in a potential bearish head and shoulders pattern. A breakdown below the $10 area would activate the pattern. Downside potential would be to the $7.75 area. The pattern would be completely voided if price rises, and remains above, the high of the right shoulder, at the $11.22 area. :theflyonthewall.com |
