TPRE seems breaking down from an upward channel formation. It also seems to be an inverted fallen angel formation. It got beautiful downside momentum & just breaking through the moving averages. It also has Large insider selling with big %'s. We think it has very good downside potential from the current price.
* Trade Criteria * Date First Found- December 14, 2017 Pattern/Why- Upward channel breakdown; Inverse fallen angel Entry Target Criteria- Current price Exit Target Criteria- 1st Target $13.13, 2nd Target $11.57 Stop Loss Criteria- $15.67 Indicator Notes- Twiggs money flow deep in the negative Special Note- P/FCF is 51.76. Large insider selling and big %'s
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