NYSE:CMC   COMMERCIAL METALS COMPANY
CMC
16 0 5
cmc
Ticker: CMC            
Direction: SHORT
Entry Price: 16.50
Current Price: 16.50

Description of Chart:
This may be an opportunity to short at 16.50 looking for an entry back into the channel we broke out of. This will then set us up for a narrowing range in the coming weeks. On the chart you can see the trendlines in blue and the orange arrows indicating potential price action.

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