FBN Securities lowered its estimates for STX, citing accelerating price declines. This caused STX to gap down 2.52% and it continued down the first two bars of the day on high volume. STX then had a one bar rally. When it traded below the one bar rally low at $26.56 the short trade was triggered. STX traded down to $24.87 for a maximum reward/risk of $1.69/$0.12.
