HLT -Double top formation short from $80.40 to $68 & 75 July Put

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HLT seems forming a double top formation with negative money flow divergence. It also has heave insider selling. We think it has strong downside potential.

To play this we would consider July $75 Puts @ 2.27

* Trade Criteria *
Date First Found- February 27, 2018
Pattern/Why- Double Top formation
Entry Criteria- From current level ($80.40) (Hit February 28, 2018)
Exit Criteria- $68.74
Stop Loss Criteria- $88.42
Indicator Notes- Twiggs money flow index declined sharp below zero.
Special Note- Heavy insider selling. We would Consider July $75 Puts @ 2.27

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