Short set-up on DD

In October DD broke below former support at ~$45.45 on very strong volume and has since sold off much further ($41.67) before recovering back to almost $45.  This sets up a low risk shorting opportunity as DD encounters its rapidly declining 50 dma at $44.79, with a stop somewhere around $45.70 and a measured rule target of ~$38.40.  If you want to lower your risk try entering shorts higher (but below $45.31).  DD seems like a great investment otherwise, its a blue chip with a ~4% dividend, so I might want to be long a break of $46.  For now though, I like the odds short, and so I am.

Disclosure:  I own DD puts.