Breakout Attempt - CLMTCLMT is a company operating in the oil & gas industry. They got an upgrade from Goldman Sachs today. Nice break above all recent highs and out of a HTF. Let's see if it sticks...
CLMT
CLMT - Fallen angel type Momentum long from $5.80 or at breakCLMT seems forming very good fallen angel formation. After a huge downward move not its scooping up & had some upward move.
It has strong insider buying, We think it can go higher forming a flag formation here.
* Trade Criteria *
Date First Found- August 16, 2017
Pattern/Why- Fallen angel
Entry Target Criteria- consider pullback to 5.80-5.87 area or break of yesterdays high of 6.93
Exit Target Criteria- Momentum
Stop Loss Criteria- N/A
Please check back for Trade updates. (Note: Trade update is little delayed here.)
CLMT- 315% RETURN IN 11 DAYS !!! - Let me share One of Many Good Trade from Our Trading Room -
We bought CLMT Jul16, 4 call in 5/27/16, as there was fair bit of Inside buying along with its chance to adjust to Gap-down Resistance around 5.27. This was also a measure of hedging again our Short Position.
While the Shorts did not move much but we got 315% return in Option in only 11 days as CLMT triggered our Target price & went above 5.7.
You can check our detailed analysis on CLMT in the trading room link here-
Option: Jul16, 4 Call trading currently at $0.35
Trade Suggestion Date: 5/27/2016
You tube link: www.youtube.com
Time Span: 2:00”
Trade Open Date: 5/27/2016
Trade Close Date: 6/8/2016
Profit/Loss: 315% return in only 11 days
