OmahaCharts

Technical Analysis of Financial Markets

Adding To My Short Collection

I’ve had some trouble this week making money from the long side, so I thought I’d try a short. Polaris Industries (PII), maker of those ATVs that you usually see wrapped around a tree or flipped upside down just does not look good from the long side. Take a look:

OmahaCharts Polaris Industries Stock Analysis - Adding To My Short Collection

Price is rejecting off of the daily point of control leaving a shadow higher. My Volatility Based Support and Resistance Study also is not a fan of ATVs:

OmahaCharts Polaris Industries Stock Analysis Two - Adding To My Short Collection

I took a starter in April puts in accordance.

I never liked these things anyway.

Trent J. Smalley, CMT