The trade would be to short the stock today at $41 and ride it down to around the $32-$33 level, or until it shows signs of reversing direction. (Every reversal has always been accompanied by a bottoming tail.) Set a stop-loss for just above the upper channel–around $41.25 or above. There are options for this issue but they are very thinly traded and not recommended.
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This article was originally posted on the Stock Market Cook Book website on Oct. 28.
Disclosure: Dr. Kris currently holds no positions in EPU.