GMCR, which was recently closed out on the site for a 66.5% gain on Sept 10th, will now be added as an active short here around the 41.40 level as it has made an oversold push back to key resistance (41 area). A stop above the 43 area would give a decent R/R for about 4.3:1 considering the target at 34.50. I could possibly add an additional downside target if the trade begins to play out but for now, I’m only looking for a quick, over-extended-pullback-off-resistance trade.
