PTC- Upward channel breakdown short from $52.44 to $44.13

١٨ مايو ٢٠١٧

PTC seems breaking down from Long term upward channel. Moneyflow also broken down to the negative side. We think it can decline as low as $44 area. We would also consider $52.50 July-17 Puts, last traded for $2.30

* Trade Criteria *
Date First Found- May , 2017
Pattern/Why- Upward channel breakdown short.
Entry Target Criteria- Break of $51.43 or Rally to $52.44
Exit Target Criteria- $44.13
Stop Loss Criteria- $54.13

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