PATK seems very interesting short setup. It has broken down from a pennant formation. It is breaking down a long term support, and it also has a double top formation. All these technical suggesting a decline. We think it has strong downside potential.
* Trade Criteria * Date First Found- April 18, 2018 Pattern/Why- Support breakdown short, Double top & Pennant formation Entry Criteria- $55.22 Exit Criteria- $48.13 Stop Loss Criteria- $57.82 Indicator Notes- Twiggs money flow declined sharply to the negative side Special Note- Insider selling
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