INFO- Support breakdown short from $43.27 to $35.57; $50 Jan Put
INFO broken down from a rising wedge & was consolidating. Now seems breaking down the consolidation & long term support label. If it breaks down, we think it may decline to as low as $35 area.
To trade this down move, we would consider $50 January-2018 Puts, which last traded for $6
* Trade Criteria *
Date First Found- October 25, 2017
Pattern/Why- Support breakdown short
Entry Target Criteria- Break of $43.27
Exit Target Criteria- 1st Target $38.23, 2nd Target $35.57
Stop Loss Criteria- N/A
Special Note- Good insider selling, debt to equity 0.50. January $50 Puts are $6.00 last price.
Please check back for Trade updates. (Note: Trade update is little delayed here.)
To trade this down move, we would consider $50 January-2018 Puts, which last traded for $6
* Trade Criteria *
Date First Found- October 25, 2017
Pattern/Why- Support breakdown short
Entry Target Criteria- Break of $43.27
Exit Target Criteria- 1st Target $38.23, 2nd Target $35.57
Stop Loss Criteria- N/A
Special Note- Good insider selling, debt to equity 0.50. January $50 Puts are $6.00 last price.
Please check back for Trade updates. (Note: Trade update is little delayed here.)
Like what you see? Get full access to our 3X daily members only video/txt alerts & live trading room at smartmoneytrading.com/now
Check out some of our free video examples @ smartmoneytrading.com/insights/
Check out some of our free video examples @ smartmoneytrading.com/insights/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.