Glencore: sell signal under observation, trading not recommended

Glencore is in week 2 of a sell signal, ranking 7th among the 54 sell signals for European-UK stocks. The week gave back 0.2%, an isolated dip rather than an accelerating decline, and the price sits compressed between the first resistance and the first support. The stock, though, still trades 25.1% above the 200-week moving average: opening a new short here is high risk per our model.