Below is an analysis of the stock price action for Revlon (REV). You can find a recap table at the end of the page. The content on this page is not financial advice, but is for educational purposes only and merely cites our own personal opinions. You can find the full disclaimer here.
REV has been seeing a lot of trading over the past few days and today was no exception with nearly 175 million shares traded. It was extremely volatile and if you traded it, you needed to have tight stops. After hitting resistance at 9.5 today and breaking down near EOD, it does look it might finally have a retracement or at least a pullback to a support level. However considering it looks so obvious to short, it almost makes it a bad idea given the amount of attention that buyers have been putting in daily. I think it's key to watch for break downs and break outs of key levels and then play those with tight stops, regardless of position type.
|Shares: 50-100milIndustry: Personal ProductsCatalyst: ContinuationATR: 0.50 - 1.00Time Frame: 1 MinuteShort SqueezeResistance: 9.5Resistance: 8.85Resistance: 8.3Support: 7.75Support: 7|