H seems forming a head & shoulder formation. Moneyflow is getting down to the negative. We are looking for a speculative short if it shows weakness after reaching to $59 area.
On the option we would look for $50 November-17 Puts, currently $1.35
* Trade Criteria * Date First Found- May 15, 2017 Pattern/Why- Head & shoulder formation Entry Target Criteria- $59 Exit Target Criteria- 1st target $52.34, 2nd Target $44.13 Stop Loss Criteria- $60.2
Please check back for Trade updates. (Note: Trade update is little delayed here.)
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