Energy stocks sold off Friday big time, and some of them were already in a sustained downtrend this price reversal and profit taking will continue next few weeks. You pick the weak among them and $SFY attracted us as it formed several bearish
patterns including but not limited to bearish
continuation diamond, descending bearish
continuation triangle, rising wedge
. This may eventually go single digit stock but this bearish
triangle has a measured move to $12 now if you decide to take a short position make your stop loss at recent swing high $15.63 with target price $12.