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ACV: Long Idea

[[ACV]] formed a great looking pennant, a break above $27.43 could send the stock higher.

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Hat tip: FerrariF50

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DECK: Short Idea

The Fly has been dead right on [[DECK]]. The stock finally closed below the 200 day moving average, which has been a critical support level. My guess is the stock still has plenty of room to fall.

I’m too scared to touch it, mainly because MDAWZS told me he’s long. Seriously though, the stock is heavily shorted and any good news could catapult the stock higher, make sure you check when earnings come out.

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To give you an example of what can happen when a stock closes below the 200 day, take a look at the chart below (CME).

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