TradingBandito06

BZH RSI Divergence Short

Short
NYSE:BZH   Beazer Homes USA, Inc.
BZH price action is hovering below the 200sma as we enter 2017. Prices have already completed a 2 leg measured move to $15 and retraced to the 34EMA. A 3rd leg has formed and offers a possible RSI divergence trade near the 200sma level. The confluence of 2 levels, along with the 3 push wedge pattern is strong. Set an alert @ $15.50 and watch.
Order cancelled:
Prices never made it up to our sell level. I will continue to monitor and watch for contact with the $15.50 level.
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