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Nasdaq Quick-Trade Short Developing?

HQD was on today's watch-list as a potential quick-trade, and it looks like it could be reversing this afternoon. We'll see how it behaves into close but if the Nasdaq continues to fade, it could be bought with a stop beneath today's low. I don't mind these short trades because they tend to hedge any long positions. See chart below:

Today's low is $5.56 so that is the stop-loss area. Any movement below that would negate this set-up. To gain access to this and several other developing trade set-ups in real time, consider a subscription to our paid service.

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