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GNC Doesn't Work For Everyone: Short at $36.50

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July 26, 2012 – Comments (0) | RELATED TICKERS: GNC

I guess this guy showed up in his chiseled-out body to give the GNC earnings report this morning, because after the initial spike higher, this thing has dropped hard and fast. 

And what we have now ais a trend-line off of last years October's lows, now cracking and looking to move lower, with a huge bearish engulfing pattern on the daily. 

Word of advice though, this stock moves extremely fast, and while I got in at $36.50, you may want to wait until this stock settles down a bit before jumping in. 

Here's the GNC Trade Setup

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