Setting the Stage

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Stage Stores is having a very strong day – up about 15% right now – but I think it’s pushing itself into a terrific short setup. If we can take that blue trendline I’ve drawn below, I believe this is a very attractive risk/reward ratio, given the breaks we’ve seen over the long-term:

0306-SSI

Here’s a closer view; I don’t think it’s quite ready yet, but perhaps tomorrow will give us a more attractive price……..0306-SSIBIG