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No. of Recommendations: 2

You have found a company that met my short sell requirements on Dec 24th.,r14,v&p=e50&t=3m&l=on&z=m&q=c

As you can see, the stock is more than 3% below it's 50 day EMA (which is near 30.00). The MACD turned negative on Dec 24th, and the RSI has fallen in the past month. The volume was 331K shares on Monday, vs an average daily volume of 222K shares (keep in mind the markets were only open a half day on Monday), so this is easily 40% above the ADV. So GPI meets all the criteria for a short sell. Let's just assume we bought near the close at $27.40. We now have stop loss set (actually a buy to cover order) at 30.69. Let's see what happens.

See guys this TA stuff can be fun. Just remember, we get stopped out about 30-40% of the time with small losses, but we let our winners ride.

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