MIC was recently shorted on a break below this multi-year uptrend line. The stock closed less than 1 point above that original entry level today after recently backtesting the trendline from below and still looks to offer an objective entry or add-on around current levels. A suggested stop would be on any solid close above the recent highs put in back in early May. For those currently in the trade, please note that the price targets have been updated since the previous post. Updated daily chart:
