CDZI - Key support breakdown short from $12.23 to $8.56CDZI is in the utility sector, which been pretty bearish recently. The utility sector (XLU) seems broken down from an upward channel & going downCDZI also seems breaking down key label of support. It also has some insider selling & very bad 737 price vs Share ratio. We think it is a very good short setup.
* Trade Criteria *
Date First Found- July 10, 2017
Pattern/Why- Key support breakdown short
Entry Target Criteria- Break of $12.23
Exit Target Criteria- $8.16
Stop Loss Criteria- $13.58
Please check back for Trade updates. (Note: Trade update is little delayed here.)
