TRMB is just breaking down through support from a beautiful upward channel formation. Money flow is very negative, and it has massive insider selling. We think it has very good downside potential. This would be a good stock short however, we would also consider $40 May-18 Puts.
* Trade Criteria * Date First Found- December 13, 2017 Pattern/Why- Upward channel breakdown short Entry Target Criteria- May $40 puts Exit Target Criteria-1st Target $32.57, 2nd Target $28.63 Stop Loss Criteria- $44.17 or $42.13 Indicator Notes- Moneyflow divergence Special Note- Massive insider selling, big on % wise
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