P Testing 50 Day Support

11 dic 2013

I entered P Jan 28 Puts today with the stock at $28.4, my target was the 50-day at 27.4, im still holding this short as the volume is large on this selloff, 8 ema looks to be closing under the 21 ema, macd is below the signal and RSI is dropping, i think in the next couple days on market weakness stops should get hit and this should fall past the 50-day ma