MOS Short Entry @ $108

Looks like a symmetric triangle forming after the recent failed late stage breakout on this over bloated pig of a stock. Since the very late stage breakout failed I would definitely expect this symmetric triangle to break to the down side. Picking a target is tough because this stock is up so much with very little support created along the way. I think the rising 200 dma ($68) will seem fair eventually but obviously now that seems kinda greedy. MOS is almost back up to the upper end of that symmetric triangle for a safe short entry around $108. Today after the market close there was some news of a new fertilizer contract in India so there should be a good opportunity tomorrow near the open to sell MOS. Be sure to set a stop at $110 where major resistance lies.