This Stock Could be Headed Lower


After breaking out to all time highs, this stock has formed a nice bearish Harami on low volume. While not the most reliable pattern, the Harami does indicate weakness, and I think that if we see it break lows, volume will shoot up as the longs take profits.

Simple set-up, simple plan:

*Short: below $67.41
*Stop: $68.28
*Target: $64.10