PFGC - Possible momentum short set up from $29.73
PFGC formed an inverse bump & run formation and now seems breaking into its Channel formation. It has a fair amount of insider selling & big institutional selling.
We think it has strong downside potential.
* Trade Criteria *
Date First Found- February 21, 2018
Pattern/Why- Inverse bump & run formation
Entry Target Criteria- Break of $29.73
Exit Target Criteria- Momentum
Stop Loss Criteria- $31.63
Indicator Notes- Twiggs money flow deep in the negative side.
Special Note- Lots of insider selling with big $ and big %'s
Please check back for Trade updates. (Note: Trade update is little delayed here.)
We think it has strong downside potential.
* Trade Criteria *
Date First Found- February 21, 2018
Pattern/Why- Inverse bump & run formation
Entry Target Criteria- Break of $29.73
Exit Target Criteria- Momentum
Stop Loss Criteria- $31.63
Indicator Notes- Twiggs money flow deep in the negative side.
Special Note- Lots of insider selling with big $ and big %'s
Please check back for Trade updates. (Note: Trade update is little delayed here.)
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