ITM.Trading

Bearish technicals with resistance at $19.65

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NASDAQ:INFN   Infinera Corporation
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$INFN has displayed bearish technicals by rejection the 20 day moving average in trading this morning. Combined with an already weakening uptrend reflected in the RSI and ADX, $INFN is an appropriate short opportunity. Trade location is reasonable as it has just touched its trend line resistance.

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