PEIX - Momentum Break Down short from $6.60 to $4.17

PEIX is falling since its reported earnings 2 weeks earlier, though the report was better than expected. With the report it went up but declined sharp, as if the investors took the profit off the table & pushed it down. Now its testing its recent support and if it breaks below, it can decline as low as $4.15

* Trade Criteria *
Date First Found- March 15, 2017
Pattern/Why- Momentum Break Down
Entry Target Criteria- Break of $6.60
Exit Target Criteria- $5.17/$4.17
Stop Loss Criteria- $7.23

Please check back for Trade updates. (Note: Trade update is little delayed here.)