Turn Back, Oh Man
Tim Knight | Aug 30, 2015 12:25AM ET
Here’s an interesting one: ManpowerGroup (NYSE:MAN) had a bullish breakout above the trendline I’ve drawn below. It painted out a trio of higher highs and higher lows, but over the past week – bam! – it gapped beneath the same trendline and, as God intended, the trendline changed role from one of support to one of resistance. Thus, I shorted it yesterday, and I’ve got a stop-loss price at 86.70, which is just above Friday’s high.
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