ITM.Trading
Short

Bearish technicals. Rejection at highs and a weak trend.

NYSE:KFY   KORN FERRY INTL
13 0 0
The break above the Jun 2014 high and the trending upper channel resistance line has been lackluster. After stalling for over a week while putting in lower lows and lower highs KFY has performed weakly yet again. The ADX and MACD have no strength to them. 1st Fib / 50 day SMA is an appropriate 1st target and the 2nd Fib / lower trend channel is an appropriate 2nd target. A stop above prior highs would be suitable for this set up.
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