Titanium Metals Corporation (TIE) started an uptrend in May '05 which continued through the middle of May '06. During that time the stock moved from $4.50 to $45 when the rise ended. Through the second part of May and the month of June, TIE moved sideways between $30 and $40.
Note how the moving averages are getting close to each other, which is a sign of weakness. Within a month and half the stock created lower lows and lower highs twice, which is another sign of weakness.
For the last three trading days, TIE moved below the 20MA, a possible indication of a new leg down.
Consider selling TIE short as soon as it trades below $31.10, with a stop loss order at $32.10. Look for a $1 to $3 drop in the stock price.