Another beautiful bearish gap and go on NASDAQ:IQ. Decent amount of bulls trapped this morning, gapping down under recent pivot point. Could head lower the within the next days/weeks.
@unos22, It's hard to say, specially having earnings in 2 weeks. Ideally I would like to see it drop to my target before then, but in my opinion it doesn't have to much support between current price and the 15 level.
@unos22, It depends on what your time frame is and what your goal is. I think the current price is a good entry point to short the stock lower to the target area. 16.72 is my exact entry as a limit sell.