NTRP seems breaking down forming a H&S formation. It has fair amount of insider selling & strong Twiggs money flow divergence. We think it will decline down to $50 area.
To play this we would consider $55 June puts, Which are $1.73
* Trade Criteria * Date First Found- March 28, 2018 Pattern/Why- H&S formation short Entry Criteria- Current price ($61.07) Exit Criteria- 1st Target $52.23 & 2nd Target- $50.23 Stop Loss Criteria- $64.13 Indicator Notes- Twiggs money flow divergence Special Note- Some insider selling. We would consider $55 June puts are $1.73
Please check back for Trade updates. (Note: Trade update is little delayed here.)
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