Short CARA

17 Eyl 2016

I bought some CARA on Thursday and next Friday sold for 8 percent profit in one day i was lucky but i researched the chart and CARA has been stuck in this range at the start of the year and has only broke 7 dollars once.I think it could go back to 5.50 within the week .MACD is at .16 which is low but this has a history of hitting 6.70 at 0.16 on the MACD on 5-31-16 , 7-25-16, 8-15-16 ,9-1-16. I would go long 5.50.