EXEL seems breaking down from a Triangle formation in short frame & breaking down an upward channel in the long frame. We think if it breaks below $25.93, it will continue its down move to 20 or lower.
To play this we would consider $27 April Puts
* Trade Criteria * Date First Found- February 27, 2018 Pattern/Why- Upward channel breakdown short Entry Target Criteria- Break of $25.93 Exit Target Criteria- 1st Target $20.13, 2nd Target- Momentum Stop Loss Criteria- $29.13 Indicator Notes- Twiggs money flow sharply declined below Zero line Special Note- Decent insider selling around $27 price. Would consider $27 April Puts
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