Shutterfly Inc. has been working on an intermediate-term bottom for most of this year. Momentum has moved the price up to just below the bottom completion level. There is also a Shift of Sentiment on the Balance of Power Indicator revealing Dark Pool intermittent Quiet Accumulation.
SFLY starting some momentum based downward move. Twiggs money flow has a huge divergence. We think it has huge down side potential. To play this we would consider $67.50 Jun Puts @1.40
* Trade Criteria *
Date First Found- April 4, 2018
Pattern/Why- Inverse fallen angel pattern
Entry Criteria- $77.13
Exit Criteria- $65.13
Stop Loss Criteria- $85.13...