KIRK at resistance

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KIRK has had a great run gaining over 50% in just a few months. It is finally showing signs of weakness and could very well be ready to give back some of the profits. The great thing about this stock is the limit of risk. If it closes above 17.50 I would cut my losses. The potential move down could be substantial but I would say 5% would be a nice return if it only took a few days. For a long-term down look at Fibs retracement levels for targets. I prefer to wait and see if it moves out of a trading range. Happy trading.
It closed above 17.50 and is still following the rising support line. I would still keep an eye on this but use a wait and see method. Happy trading.
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