XYL looks very suitable short opportunity as it has lots of weakness. It has moneyflow divergence & insider selling.
It also breaking down from a long upward channel.
We think it will decline to 46 & lower, and we are considering $50 January puts, last traded for $2.55
You can check our detailed analysis on XYL in the trading room/ Executive summary link here-
youtube.com/watch?v=HUGCdxPNf3g
Time Span:5:45 "
Trade Status: Pending
It also breaking down from a long upward channel.
We think it will decline to 46 & lower, and we are considering $50 January puts, last traded for $2.55
You can check our detailed analysis on XYL in the trading room/ Executive summary link here-
youtube.com/watch?v=HUGCdxPNf3g
Time Span:5:45 "
Trade Status: Pending
Trade closed: target reached
November 1st - With the Earnings it declined to our target price. $50 Jan17 Puts went up from $2.55 to $4.90, that was 46% option profit.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Like what you see? Get full access to our 3X daily members only video/txt alerts & live trading room at smartmoneytrading.com/now
Check out some of our free video examples @ smartmoneytrading.com/insights/
Check out some of our free video examples @ smartmoneytrading.com/insights/
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.