Shares of Square Inc (SQ) have seen a meteoric surge in the last seven trading days. The stock as rocketed from $203.00 to a high today of $255.75. This epic surge gives rise to a quick swing short trade setup. The price point is $268.05 and is a technical gap fill level. Look for a solid drop off this level back to $225.00. While Square is a fantastic company, on a near-term basis the stock is becoming very overbought. A classic retrace is in order.
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