ISLE (Isle Of Capris Casinos) is a casino stock that looks poised to to fall anywhere from 10% – 30% following the recent overbought, divergent high & will likely be added as an official trade idea soon. Should ISLE be added as an official short trade, price targets & a suggested stop-loss level(s) will follow.

In addition to the overbought reading & divergent high on the daily time frame, ISLE is also coming off weekly overbought readings that have preceded 40% – 73% corrections in the past but a weekly divergent high (negative divergence) to boot. The most likely entry on ISLE will be a break below the 23.80 level, which is just below support on the 60-minute chart above with the stock also recently printing a divergent high on that intraday time frame as well.