Monday, August 13, 2012

Retail Short Trade

Vera Bradley is at a key resistance level at 25.50. I like this name on the short side and the trade can easily be managed with a stop at 25.50-26 depending on your risk tolerance. Looking for a move back down to 21-22. Many technical indicators reading extremely overbought as well. 

No position at this time. Position declarations are believed to be accurate at time of writing but may change at any time and without notice.

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