Thinking on AndeavorAndeavor ANDV Petroleum Refining Company looking good but undecided. If we see an opportunity a good target would be 112.15
What do you think about it?
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ANDV
ANDV - Double top formation short from $102 to $85 & 97.50 PutsANDV seems forming a double top here with a strong Twiggs money flow divergence. We think it has good downside potential.
To play this we would consider $97.50 May Puts.
Relevant Updates:
* Trade Criteria *
Date First Found- February 5, 2018
Pattern/Why- Double top on Weekly chart
Entry Criteria- Short at current price ($102.00) (Hit February 5, 2018)
Exit Criteria- $85.13
Stop Loss Criteria- $103.17 (Updated February 14, 2018)
Indicator Notes-Twiggs money flow declined to the negative side
Special Note- Some small insider selling. We would look at the $97.50 May Puts.
Please check back for Trade updates. (Note: Trade update is little delayed here.)
