GPRE - Big insider selling Possible Short from $24.00 to $14
Updated
GPRE seems forming a Long term double tap Head & shoulder formation. It also has a lot of insider selling. Aggressive trades may want to enter into Short trade now, but we would like to wait a bit for perfect entry.
* Trade Criteria *
Date first found-March 16, 2017
Pattern/Why- Long term double tap Head & shoulder
Entry Target Criteria- Break of $24 or lower
Exit Target Criteria- $14
Stop Loss Criteria- $24.73
Please check back for Trade updates. (Note: Trade update is little delayed here.)
* Trade Criteria *
Date first found-March 16, 2017
Pattern/Why- Long term double tap Head & shoulder
Entry Target Criteria- Break of $24 or lower
Exit Target Criteria- $14
Stop Loss Criteria- $24.73
Please check back for Trade updates. (Note: Trade update is little delayed here.)
Trade active
March 17th - Went up & hit the entry price. More concern trader can wait a day or two for further confirmation.Note
March 21st- nice drop lower however on light volume. A continuation on stronger volume would be great to see. We like $24 Jun-17 puts, @ $2.35
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