Near Term Trend: Bearish / Neutral
As of 2/16/18 close: $47.93
UPDATE: Last week, I suggested shorting bounces to $48.53 with stops on a close above $49 and with a target of $43.99.
European stocks rallied hard last week right along with the U.S. But, the rally fell short of taking out resistance at $48.53. Based on 60-minute chart to the right, Im adjusting resistance to $48.09 - $48.32.
I would short / re-short bounces to $48.09 with stops on an hourly close above $48.50 and with a downside target of $43.99.