NOC - Downward momentum short from $299.87 to 242.33
NOC seems a nice short setup as it breaking down very nicely. It has lost of insider selling and has broken down all its moving average & now testing its 200 days moving average.
now If it breaks below it can continue much down to the 240 area.
* Trade Criteria *
Date First Found- May 6, 2018
Pattern/Why- Downward momentum short trade
Entry Criteria- $299.87
Exit Criteria- 1st Target $242.33, 2nd Target - Momentum
Stop Loss Criteria- N/A
Indicator Notes- Twiggs money flow deep into the negative side.
Special Note- Lots of insider selling. We would consider $280 November Puts
Please check back for Trade updates. (Note: Trade update is little delayed here.)
now If it breaks below it can continue much down to the 240 area.
* Trade Criteria *
Date First Found- May 6, 2018
Pattern/Why- Downward momentum short trade
Entry Criteria- $299.87
Exit Criteria- 1st Target $242.33, 2nd Target - Momentum
Stop Loss Criteria- N/A
Indicator Notes- Twiggs money flow deep into the negative side.
Special Note- Lots of insider selling. We would consider $280 November Puts
Please check back for Trade updates. (Note: Trade update is little delayed here.)
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