CMCO - Upward channel formation short from CMCO looks decent short as it is breaking down from an upward channel formation. It has insider selling. We think it was strong downside potential.
* Trade Criteria *
Date First Found- February 6, 2018
Pattern/Why- Upward channel breakdown short
Entry Criteria- Current price (37.55) (Hi February 6, 2018)
Exit Criteria- $33.13
Stop Loss Criteria- $39.67
Indicator Notes- Crossed below its MA100
Special Note- Insider selling
Please check back for Trade updates. (Note: Trade update is little delayed here.)
