IT- Short
Trade Logic: Huge insider selling & technically weak as it break below EMA 5, 9 & MA 20
Entry Price: 98.43
Target Price: 91.36, just little above 50% Fib Retracement level
Stop-Loss: 101.73
Option: Sep16, 95 Put; currently trading at $2.35
& Sep16, 100 Put; currently trading at $5.55
You can check our detailed analysis on IT in the trading room link here-
Trade Suggestion date: 20/6/2016
Trading Room - Executive summery link: www.youtube.com/watch?v=x8dUPcby...
Time Span: 8:10
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