Square Sell-Short Chart Level: Trade Alert

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.

Members of Gareth’s Verified Investing Alerts closed out a total of 206 swing trades in 2020 for a net gain of 1,507.67%. Gareth has already banked 391.11% net (41 winners, 1 loser), in Verified Investing Alerts in 2021 for members!  Join now and get the exact entry/exit price alerts, stops and targets…LIVE as well as daily videos, weekly live broadcasts and free educational videos. Get The Action NOW by Clicking HERE.