AnneTrader
Short

ARCP gapping down on higher volume

There's not much data on ARCP so a full history cannot be determined. But so far $10 has provided the main support zone for price.

Price gapped down but closed just above $10 on 29th October, which was the first opportunity to short this stock . It gapped down again on 3rd November, again on higher volume to the previous day. Although the bar closed higher than the open it is still a bearish bar so still a sell.

On the downside, at $7.85, there isn't too far for it to fall. Plus earnings are due out (which could cause undue volatility) on 6th November. A short-term opportunity only.
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