shell4k
Short

LM short at 43.87, target 42.84

BATS:LM   LEGG MASON INC
27 0 0
After a steep rise of the past few weeks, LM             looks like it's making a short term correction. Based on a fibonacci retracement, potential support presents itself at $42.72, leaving us with a risk/reward ratio of 2.64. Placing a stop at 44.26 limits our risk to $.39, making this a profitable opportunity.

Note, the 8 and 34 EMAs made a bearish crossed last week, further validating the trade.
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