Seasonal weakness in transportation

The descending triangle could be confirmed. After the breakout on the downside, a bearish trend continuation could be established. For this, however, the current trading range would have to be exited to the downside. A breakout would activate a new price target at around $80.33. In the past 15 years the stock tends to be bearish between end Jul till end of Aug. last 9 of 15yr have been bearish.