SHLD - so much for the big rally

Sears is failing to hold any of the key support levels. The decline is certainly slow, but it has lasted over 5 weeks now, and the stock has lost around 35% since the double-top event.

SHLD, daily

Next key level is the big $50 - which came close to testing earlier today. Then, $45, $41/40. Many have called for Sears to fall to single digits, since it has serious structural problems which it does not seem likely to be able to fix any time soon.

Certainly, its kinda late to think about shorting this right now, but neither is it an attractive buy - not least on fundamentals. Best left for entertainment/viewing purposes only.