FRSH - Flag formation Long from $6.23 up-to $11.93

FRSH came in of our fallen angel scan on March 30th, at $4.50. It rallied all the way to $6, consolidated & now braking out new territory today. We also like it as long as it is not following the market (Low Beta) & it has strong bullish pattern.
To play this we would also look at August $5.00 Calls (currently $1.54)

* Trade Criteria *
Date first found- April 11, 2017
Pattern/Why- Fallen angel(Broken) ; Flag formation (Forming)
Entry Target Criteria- Break of $6.23
Exit Target Criteria- 1st Target- $9.37, 2nd Target- $11.93
Stop Loss Criteria- $5.43
Option - Would look at August $5.00 Calls (currently $1.54)

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

تعليق:

April 12th- Wow! Hit our entry zone criteria and traded up by 6.99% today. Very nice trade setup.