1) Support has become resistance
2) Declining Volume
3) Strong stochastic sell signal - stochastic > 80, %K crossover %D
4) Q1 earnings in 2 days - slower growth expected
Trailing stop once I enter 0.5R profit zone
This asset managment company was in strong uptrend since September 2013 from $45 and topped at $58.86.
That trend was broken with steep downside move. Stock found support at $50-51 area from one side and resistance zone at $54-55.
BEN was underperformer with $SPY just 2% off the highs. It means that if bounce ...