If the market turns weak next week, here's an idea that may work well on the short side. Polaris Industries (PII) is forming a nice H&S pattern with neckline around $79. You get some early entry on break of $80 and then add more on break of $79. We may see some support at 200sma, but the eventual target is the July low of $68. Nice volume on the downside gives it high likelihood of working out.
No comments:
Post a Comment