FRC daily Oct 13th
FRC (First Republic Back) was added as an Active Short Trade back on July 31 at a price of 46.88 with a relatively tight suggested stop of 48.10. The stock bounce a little further than I had anticipated (in sympathy with the broad market) and went on to slightly exceed that suggest stop level for a relatively minor loss of 2.6%. Therefore, that previous trade on FRC will be considered stopped out for a loss and that previous short-entry post will be re-assigned to the Completed Trades category where it will be archived indefinitely for future reference.
FRC will also be added directly as a new Active Short Trade here around the 47.42 on this break below the bear flag pattern which follows the breakdown below the 3-year primary uptrend line. T2 (40.50) is the current final & preferred target with a suggested stop above 49.50 or lower, if only targeting T1.