SHLD, daily
An early 20% bounce did fade a little, but still a 15% gain is a major move. Interestingly, it was held by the upper bol' line and the 50day MA at $66. Is that the max' for this cycle?
Bears could in theory short with a stop at $67..or tighter 63.
Bulls arguably should at least have a stop at the rising 10MA of $54.
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It remains the case that Sears faces some severe issues in the coming few years. Can it update itself to survive in the fiercely competitive and ever evolving retail sector.
SHLD remains one to watch.
