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I generally do not like to short individual stocks, however, my hedge fund buddies tell me that the fundamentals on this stock are deteriorating. Technically, the stock is probably a bit stretched and like a lot of charts I have looked at lately, the momentum indicators are leading the stocks down. This stock looks like it may meet up with the 38 area before too long and I shorted some this afternoon.
1 Comments:
Nice colors in charts.
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