BWXT - Momentum Upward channel breakdown from $59.73
BWXT seems breaking down from a long-term upward channel formation. Twiggs money flow crossed to the negative side. It also had lots of insider selling. We think it has good downside potential.
* Trade Criteria *
Date First Found- December 26, 2017
Pattern/Why- Upward channel breakdown
Entry Target Criteria- Break of $59.73
Exit Target Criteria- Momentum
Stop Loss Criteria- $63.24
Indicator Notes- Twiggs money flow crossed down to negative side.
Special Note- Lots of insider selling
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