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USCR Bear Flag Breakdown, Price Target

Nice impulsive move lower following the break below the previously highlighted bear flag on USCR (U.S. Concrete Inc). Still an unofficial trade idea although I've added a price target (same as T1 on the previous short trade from late 2015). USCR was posted as an unofficial trade idea in the trading room (click here to view) about 2 weeks ago while bear flagging shortly after break down from the 2nd clean bearish rising wedge pattern in the last 5 months. The previous USCR short trade on that late 2015 wedge break hit the final target for a 22% gain & reversed shortly afterwards. Previous chart from 2 weeks ago followed by today's updated daily chart below:

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May 19, 2016 10:19am|Categories: Unofficial Short Ideas|Tags: |1 Comment

One Comment

  1. Shambo May 19, 2016 11:08 am at 11:08 am

    yes – shorted last week. Nice move so far.

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