MEDP - Upward channel breakdown short from 60.87 to 33.13MEDP seems running within an upward channel formation. Right now it's getting back from its upper Chanel line. It also has some 100% selles from insider. We think it has good downside potential.
To trade one could consider June $55 or $60 Puts
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*Trade Idea*
Date First Found- February 11, 2019
Pattern/Why- Upward Channel formation
Entry Criteria- $60.87
Exit Criteria- 1st Target: $50.33, 2nd Target: 33.13
Stop Loss Criteria- $65.73
