Thursday, 22 March 2012

SHLD - channel fail

Sears fell out of its channel today...

SHLD - daily

SHLD is one of the more bearish charts now. Today was arguably a clear break, and a bearish close. First target would be lower bol at 66, but more likely the 200 day MA at 62. Best case bear target is the gap-fill level of 57/55.