Trade of the Day – Transcend Services (TRCR) Meets Resistance, Offers Short Entry

Posted By Tate Dwinnell |  Subscribe in a reader | Comment 0

In past Trade of the Day posts I’ve highlighted opportunities on the long side, but given current market conditions I though I’d highlight a potential short set up.  TRCR took out support of the 50 day moving average recently with heavy volume and has made its way back to this new resistance level with diminishing buy volume which makes it a potentially strong short candidate.  I don’t have a short position in it yet but may consider one soon.

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