Since then, the stock worked on a three year head and shoulder top. The stock attempted to break down in August 2015, but that was a bit too early and obvious, and shook out the early shorts. The stock finally managed to break down four weeks before , and accelerated to the down side on a poor earning’s report.
The stock has barely budged over the last six weeks as the market attempted to rally. It has only managed to pull back to the twenty day moving average in lower . A breakdown from these levels, in heavy , can be shorted.