Google Stock Quote

If history is any indication, the stock is due for lower prices - at least $10 lower.

lower prices

Look at the chart. I have marked off the recent price swings mentioned yesterday. The stock seems to trade up for down consistently for at least a week. By consistent, I mean the stock doesn’t trade below the previous day’s low on the uptrend or trade above the previous day’s high on the downtrend.

But when it does …

The stock trends in the other direction - typically for more than $10 at a time.

Usually, when a pattern like this becomes obvious, the pattern fails.

Did anyone take a short position in this stock as the stock traded below Tuesday’s low of $180.25?