Short Setup in Sadia

| About: Sadia S.A. (sda-old)
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I thought I'd go against the grain of the past few days, perhaps to serve as a reminder that yes bears are still firmly in control and two days of big gains doesn't change that at this point.

Today I highlight a short setup in Sadia (NYSE:sda-old), a Brazilian processor of food products. This short setup is very characteristic of what I look for in most of shorts I look for - a high volume break down of support followed by a weak retest of what is new resistance, in this case the 50 day moving average. One of the better looking shorts out there in my opinion.

Disclaimer: I do not have a position in SDA at the time of this writing.