Daily Trade 6-16-11

While conducting a live trading event at the Dallas traders expo on Wednesday, I stumbled across this stock while discussing scanning techniques. I really like this as a potential short swing trade. We have seen 3 days of bearish candles and all 3 come right at a supply level going back to August 2008. This presents us with a high reward, low risk trade at these levels. I am looking for confirmation and waiting for price to break down before going short, however more aggressive traders can be going short at current price levels. Here is how the trade sets up:

Short below $38.17
Stop Loss $39.20
Target $34.15