XES short term reversal bearish swing trade

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After a few weeks running up from oversold, XES             has run into its 20 WK MA (weekly chart); XES             seems ready for a mean reversion play. I would consider a short trade if XES             breaks below the trend-line and RSI (14) crosses below 70 (no longer overbought, but both must happen or it is a no go. The A/D oscillator shows a bearish divergence from the high on 2/9 and the high on 4/15. There have been 8 new highs since the run up began and prices tend to pull back or consolidate on or around the 7th or 8th new high or (low). Initial stop-loss is @ 29.98 and first unit take profit would be around 27, and the second at 85% of the Keltner channel reversion or 25.42. This gives us a respectable risk reward ratio of 2:1...of course you could buy an ATM put @28 expiring 5/15 for a .55 bid & .90 ask.
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