Swing Trader

Good morning traders. A quick and dirty short trade setup in Brookdale Senior Living, Inc. is illustrated below.

Prior to last Friday, BKD closed higher six consecutive days which brought the stock to the top of its three month trading range.

BKD has not wasted time consolidating near the top or bottom of the price range. Instead it has taken approximately two days to rotate back in the opposite direction. If history repeats itself, we should see BKD trade back down toward the bottom of the range beginning as early as today.