The GMCR (Keurig Green Mountain) short trade hit the final target, T3 at 90.55, yesterday as well as again today. Consider booking full profits as the R/R is no longer favorable to remain short & the odds for a reaction are quite elevated at this time.
With that being said, I've had an additional downside support/potential target level drawn on the GMCR chart since the original short entry back on December 1st. That support level/potential target is the bottom of the gap in which this final target was set at the top of.
For trend traders that shorted GMCR and still believe there is more meat left on the bone, chances are good that IF GMCR does not reverse here at the top of the gap and the stock continues to fall from current levels, the gap will likely be backfilled. The bottom of that large Feb 6, 2014 gap is 84.02 so for those holding out for additional gains, best to lower stop now to protect profits while setting a BTC limit order about 1-3% above the bottom of the gap (should the stock reverse just shy). GMCR will now be moved to the Completed Trades category.