KBH is looking tired here. Despite all the volume it wasn’t able to go much higher. Indicators are also pointing to the downside. It makes a good short with a decent R/R ratio. (don’t forget to read my Swing Trading II topic).
Other short candidates with similar “symptomes” :
RYL, dhi, clf, gs, rs, iaci, brcm
All of them are in a downside trend, with a major resistance areas above and the broader market is just not there to go higher. Until it takes out 920 level – SHORT.
