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lukelehepuu
May 22, 2016 4:34 PM

DK IDEA Short

Delek US Holdings, Inc.NYSE

Description

Ticker: DK
Direction: SHORT
Entry Price: 13.49
Current Price: 13.49

Description of Chart:
After failing to get above or bounce off of the lower blue trendline at the 14.00 area we have now broken lower. This could be a chance to short down to the 10.00 area or even 7.50 for those ultra bearish. I have drawn in what I think the 50 MA might do over the next few days. It will be very interesting to see how it plays out!

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