Exide Tech - XIDE - close: 7.21 change: -0.10 stop: 8.05

Why We Like It:
XIDE is an industrial battery company. The larger trend is still bullish but short-term the stock is correcting and breaking support. I suspect the correction continues. We can open bearish positions now with a target at $6.10. I'm considering a second target at $5.55. The stock can be a little volatile so we'll use a stop loss above resistance at $8.00. The set up makes this an aggressive, higher-risk trade. We want to exit ahead of the early November earnings report.

Annotated chart:

Entry on   October 21 at $ 7.21 
Change since picked:     + 0.00   			
Earnings Date          11/05/09 (unconfirmed)    
Average Daily Volume:       545 thousand
Listed on   October 21, 2009