What to short: IP
How much to short: 169 shares (based on a hypothetical $10,000 portfolio and risking 3% on the trade)
Current Price: $9.12
When to cover at a loss: Based on the stocks volatility, my method says to place a buy stop at $10.88
When to cover at a profit: After a close above the 50dma
(Like all my posts, this post is for informational and record keeping purposes. It is not a recommendation to buy or sell any security)