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DrewR
Feb 19, 2014 8:56 AM

Time to short? Price meeting upper trend line. Short

Stratus Properties Inc.NASDAQ

Description

When examining 1W/1D charts, it appears STRS is approaching overbought in addition to meeting an upper trend line that has so far held well for two prior touches. Pattern may play out into ascending triangle or maybe even a rising wedge.

* I wouldn't say the angle of the blue line is necessarily that steep however.
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