We would like to fade $PCLN here.
We know we have been getting beat up on our short trades the last few days, however we think we can score a few points here. We are shorting PCLN at $239.25. We are going to keep a tight stop on this at $242.50. Once again the risk reward looks good. Risking $3.25 points for a potential of $5- $7 on a gap down. Hopefully the trading gods will grant our wishes.
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