NetApp, Inc.Short
NTAP- H&S formation short from $61.07 to $50.23 & $55 Jun Puts
NTRP seems breaking down forming a H&S formation. It has fair amount of insider selling & strong Twiggs money flow divergence. We think it will decline down to $50 area.
To play this we would consider $55 June puts, Which are $1.73
* Trade Criteria *
Date First Found- March 28, 2018
Pattern/Why- H&S formation short
Entry Criteria- Current price ($61.07)
Exit Criteria- 1st Target $52.23 & 2nd Target- $50.23
Stop Loss Criteria- $64.13
Indicator Notes- Twiggs money flow divergence
Special Note- Some insider selling. We would consider $55 June puts are $1.73
Please check back for Trade updates. (Note: Trade update is little delayed here.)
To play this we would consider $55 June puts, Which are $1.73
* Trade Criteria *
Date First Found- March 28, 2018
Pattern/Why- H&S formation short
Entry Criteria- Current price ($61.07)
Exit Criteria- 1st Target $52.23 & 2nd Target- $50.23
Stop Loss Criteria- $64.13
Indicator Notes- Twiggs money flow divergence
Special Note- Some insider selling. We would consider $55 June puts are $1.73
Please check back for Trade updates. (Note: Trade update is little delayed here.)
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