Since hitting the first target for a very quick 13% gain back in May, the ALK short continued to move lower, bottoming in June & just recently moving back above the original entry price. As the stock has formed a new bearish rising wedge pattern over that time, new price targets have been added. A new short entry or add-on to the existing trade will trigger on a break below the current wedge pattern, with stops TBD upon entry. Updated daily chart:
