Currently: Cash Looking to: Short @ $47.19
As of 11/8/19 close: $45.31
LAST WEEK: We suggested buying dips to $43.32 with stops < $42.61 and with an upside target of $47.81.
We would only short up at $47.81 with stops on a close above $48.22 and with a downside target of $36.
UPDATE: The European ETF (IEV) is starting to pull back after a nice upside run. This seems right now to be a healthy consolidation and working off an overbought condition. Possible support comes in at $44.60 and
$44.01.
We would look to buy at $44.60 with stops on a close below $43.95 and would look to sell longs and get short at $47.19.