BAX - Upward channel breakdown momentum short from $63.67
BAX seems breaking down from an upward channel. It had some recent insider selling in big quantities. It just broken down below 200 days moving average. We think it has good downside potential.
To Play this we could consider may $62.50 Puts. ($1.20 currently)
* Trade Criteria *
Date First Found- March 28, 2018
Pattern/Why- Inverse Bump & Run continuation. Upward channel breakdown
Entry Criteria- $63.67
Exit Criteria- Momentum
Stop Loss Criteria- $66.37
Indicator Notes- Twiggs money flow deep into the negative side.
Special Note- Big Money selling. Could consider may $62.50 Puts. ($1.20 currently)
Please check back for Trade updates. (Note: Trade update is little delayed here.)
To Play this we could consider may $62.50 Puts. ($1.20 currently)
* Trade Criteria *
Date First Found- March 28, 2018
Pattern/Why- Inverse Bump & Run continuation. Upward channel breakdown
Entry Criteria- $63.67
Exit Criteria- Momentum
Stop Loss Criteria- $66.37
Indicator Notes- Twiggs money flow deep into the negative side.
Special Note- Big Money selling. Could consider may $62.50 Puts. ($1.20 currently)
Please check back for Trade updates. (Note: Trade update is little delayed here.)
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