CELG seems forming a double top formation in the weekly frame. It also has strong insider selling. We think it can decline on long term.
* Trade Criteria * Date First Found- July 27, 2017 Pattern/Why- Double top on weekly chart Entry Target Criteria- Break of $132.87 Exit Target Criteria- 1st Target $97.73, 2nd target $67.23 Stop Loss Criteria- $141.33 Special Note- $130 October puts are $4.10 and had huge volume today
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