Mixed Signals from Yamana Gold - AUY - To Short, or Not to Short?

Today would have been a good day to short Yamana. Last Friday it finally gave some "bearish confirmation" - a bearish engulfing candle, stochastics hooking lower, and the MACD Histogram going lower. Getting short this morning would have been a great trade - it touched $12 then it was all downhill from there.

Getting short now, however, is riskier. It looks like it is getting support from the 50-day MA underneath. Also, volume was climactic last Friday, and if you look at past instances of climactic volume you will see that it coincides with a mini-bottom - ie. the stock bounces after the climactic volume. A close below the 50-day tomorrow would be quite bearish - I'm thinking that won't happen.

Check out the chart: