Collective Brands Inc. (PSS) Not as Close to a Breakdown as Assumed

The shape of the chart of Collective Brands Inc. (PSS) has taken a bearish turn over the last two weeks.... a nice, slow rollover. Yet, there's still plenty of opportunity for the stock to rebound.

Standing in the way of any selling is a support line at $20.90, and 19.73. Both are moving higher. If - and only of - those two lines are broken will Collective Brands' full bearish potential be unleashed. That would be a good downside trade though.