The Ichimoku Cloud Signals for a Short in FirstMerit Corporation (FMER)

FirstMerit Corporation (FMER) operates as a bank holding company for FirstMerit Bank, N.A. that provides various banking services to its customers.  We run a proprietary scan of all stocks that break the Ichimoku Cloud to the upside and downside on the daily chart every single day.  Yesterday, out of 30 stocks this was the best signal we saw.  So, based on the downside break of the cloud I got short FMER.

The Trade: Sell FMER Stock at $20.33
STOP LOSS: $22.33
Target #1: $19.83
Target #2: $19.33
Target #3: $18.83
Target #4: $18.33