After tight trading early this year, price printed a new higher low in April at $53.85 and price pivoted higher off from that low and printed a new higher high at the end of April giving back most of the gain and again pivoted higher from May low to print a new higher in July which resulted the head of the bearish pattern to give up most of the gain and printed a new lower low in same month, and pivoted higher off from that low to print a new lower high which completed the right shoulder. The price seems to have reached the end of a period of "distribution" at the top of a major uptrend; the break down through support signals a reversal to a new downtrend. The Head and Shoulders Top is created by three successive rallies as explained above in the price following a significant uptrend. The highest high (head) is in the middle, flanked by two lower highs (shoulders) at roughly the same level. Volume is highest as the price makes the first two rallies, then diminishes through the right shoulder. Finally volume surges as the price closes below the neckline (drawn between the two lows) to confirm the reversal. Expect now the breakaway gap in Feb this year to get filled by this bearish HSHs projected or measured target price. If you want a real time trade alerts try us www.2waytrading.com