Another chart for Mark, who’s short SNDK right now. This stock is in an interesting spot right now. It’s touched or crossed its 200-day moving average each of the last three sessions but it’s beneath its 20 and 50-day averages. So is it a long or a short? I guess that depends on your time frame. If I was short the stock I’d be a bit concerned about the fact that it’s climbed back above the 200 DMA and I’d really want the stock to stay under the highs of the last three days. If I was looking to initiate a short I’d fire away if, and only if, it closed below the 200.
