04.08.2014 - iStar Finanancial reached the limit of the corridor
The stock price of iStar Finanancial after a long consolidation and reduction the oscillation amplitude has broken through the sloping support line and a local minimum near 14.40 and reached a strong support level, which coincides with the lower limit of the corridor 14,00-15,00. In case of further decline, the sell signal will be fixing the price below 14.00. At the same time, there is a high probability of an upward price rebound to 15.00. In this case we should set a stop below 14.00. We recommend to open short positions with the objectives of 12,50 and 10,00.