AGO short play

2015년 5월 31일

Price stalling out with selling pressure coming in around the $29.00 area and also now with 4/8 emas pointing down, this can me a good short with a stop above 29.12 as this would negate the set up. It will take a big move to push this through that area of distribution though. Also there has been some bearish options activity on this name in the last couple of weeks. can wait for breakdown of 28.49 to confirm move.