new short positions: MDU IMO
MDU is breaking down at the downtrending 50 day moving average, on very strong volume. Cut your first loss with a close above the 50 day moving average and your final loss with a close above the 200 day moving average, if the stock does not move lower immediately.
IMO is reversing an early November breakout, below the 50 day moving average, creating a breakout/breakdown pattern, on very strong volume. Cut your loss with a close above the 50 day moving average, if the stock does not move lower immediately.
