ISLE (Isle of Capris Casinos) will trigger a short entry on any move below 26.10, which would also be a break below this large bearish rising wedge pattern. The first target is T1 at 23.64 with the second & final target at this time T2 at 22.04. The maximum suggested stop is any move above 27.20 with a suggested beta-adjustment of 0.90. ISLE will be one of at least two short trade ideas posted on the casino sector so factor that into your position size for this trade if you plan to take any other casino stocks as short trades.
ISLE daily April 13th
Please note: I will be in & out of the office throughout the day, checking in periodically. I will reply to any questions or chart opinions at my earlier convenience & will post any significant market developments & trade updates asap if I noticing anything worth highlighting.