The stock ran into resistance at the 200-day EMA so is pulling back to the 50-day - very normal - had a name - 50-200 pinball as the stock builds strength to break above the 200-day in the future. No reason to think it going lower JT - no need for such negativity on the pullback -leave that to the bashers.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.