EVR (Evercore Partners Inc) will be added as both a Short Setup and an Active Short Trade around current levels (trading at 54.89 now) or as high as any backtest of the uptrend line. EVR is bear-flagging here shortly after breaking below the primary uptrend line. T2 at 44.55 is my preferred swing target at this time. An alternative entry with a higher probably for the trade to pan out, albeit a less favorable entry price would be to wait for a solid break below the bear flag pattern. Stops should be dependent on one’s entry price, ideally using an R/R of 3:1 or better.
EVR daily April 3rd