WE are NOW at the 200 SMA on the monthly chart. BIG DEAL. Solid 'resistance'. However, keep your eyes on this level, because X is a very fun stock to trade and with a breakout above that resistance and retest, she could really ride. :)
ALSO, X could roll over here. It is a nice resistance. Play it as you see it. Trade the chart, not your heart. I personally.... don't plan on going bearish, but I will buy another dip. ;-)