WATT is in our watch list since it has broken its Channel formation. It has good insider selling. We think it will continue its decline. To trade this we would consider August $12.50 puts
* Trade Criteria * Date First Found- April 4, 2018 Pattern/Why- Upward channel breakdown short Entry Criteria- $13.83 Exit Criteria- $10.83 Stop Loss Criteria- $16.37 Indicator Notes- Would consider August $12.50 puts. Special Note- Good insider selling. Would consider August $12.50 puts.
Please check back for Trade updates. (Note: Trade update is little delayed here.)