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Quintiles

Quintiles - Filling the Gap - Short OpportunityRecent up gap from Quintiles looks like it will be filled soon due to slowed momentum at a peak. I see zero consolidation in the patterns so this should not be breaking upward further at this time. Two breaks in upward trendline post up gap. Final break shows RSI falling under 70pt (overbought) threshold. UO maintaining divergence to price, downward movement and nearing trigger line (50pt). MACD crossed over to down showing prime opportunity for new trend to establish. As always, CONFIRM WITH VOLUME. At this time no major volume indicates strong move down in price. Best moves in Q are at least at the 700k vol level. Entry - 64.75 Exit - 61.70 or 60.99 (depending) Stoploss - 66.31 Happy Hunting
QShort
by cmharkey