$BKD Potential Short Play

NYSE:BKD   Brookdale Senior Living Inc
BKD is beginning to form a head and shoulders pattern. The left shoulder has been formed and the head is formed on the left side. If the pattern continues (yellow) then enter on the short side would be at 4.23. There are two exit points on this trade. The safest exit is at 4.04 and an extended exit on high volume would be at 3.85. The stop-loss is at 4.36 (-3.07%). The range of profits on this trade is anywhere from 4.56%-8.98%.


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