This classic Sky Scraper stock trading setup was found by the Oz Scanner when NBTY was trading at 13.63.  The stock has come up in price 55% from the lows it made the prior week. The stock was extremely oversold when it bounced off the lows.  If I were to take a short position here, the tricky part would be to determine a price target.  A few things can happen here.  

• The stock can just pause and then continue up.

• The Stock can retrace about half of its move up from the lows before testing today's high again

• The stock can test the lows it made last week

• The stock can take out the lows it made last week and trade much lower

Stock Trading