Economist
Short

RXN Short

NYSE:RXN   REXNORD CORP NEW
46 2 0
Currently short from the 1.618, looking to reach 0.618 target for reversal. Once Long, targeting the 1.618 extension in hopes of completing a 3 drives . The RSI divergence has/is set up nicely as well.
So far so good. The next test is breaking through the $28.70 level.
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We broke $28.70, looks good towards position reversal and long entry at the 0.618 ($27.51) area.
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