Sweet Seventeen

The 17 level has been a sweet trade for short sellers of Gencorp (GY) the past two times. As shown below below in 1987 & 2006. Each instance a double top pattern triggered the breaking of the 17 level support line. Now a 1 month H&S top completed and the 17 level has been breached. Will the short sellers enjoy their treat this time too?

 

GYm

 

 

GY

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One Comment on “Sweet Seventeen”

  1. mcmasoniam says:

    Thanks Art! Always read your info. Great work! M


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