Thursday, January 7, 2016

ARIA Chart - 01/07/16

I recently said here that failing to hold $5.80 would be very catastrophic for ARIA, and today’s price action has proved that to be true. The stock is now sliding towards $5, which is the next key support point. Unfortunately for longs, the next key support level after $5 is at its all time low of $2.15. A short position is this stock could be a safe bet below $5 until it bounces off some newfound support. As always, place stop losses!