As I pointed out earlier, ADI could have gone either way, either breaking up and out of its triangle consolidation pattern or breaking down and heading lower. Well, it did break down and is looking like it will be heading lower very soon. I would initiate a short position if you haven't already on the break down. The size of the triangle suggests that the move to come will be sizable and well worth betting with. I would stop out above the 200 sma at around 36.25.
CM
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