Sears Holding Corp. (NASDAQ:SHLD) reported earnings today. The stock has since sold off, moving down sharply over 7% to $33.45. SHLD has been trending lower for a few months, and this tells me that when Sears Holding Corp. (NASDAQ:SHLD) reaches a solid support level it should stage a nice bounce for a swing trade.
With that in mind, I have isolated the next best support area where we can buy SHLD for a quick trade. The $30.90 area is a possible bounce level for the stock and we will be watching it very closely as it nears that level to alert us when exactly we should enter the trade.
Evan Poechman
InTheMoneyStocks.com
