BLDR was in our watch list for last few weeks, and now it seems forming double top with moneyflow divergence. Could be breaking down here. We think it has good downside potential.
* Trade Criteria *
Date First Found- July 27, 2017
Pattern/Why- Double top formation
Entry Target Criteria- Break of $15.37
Exit Target Criteria- 1st Target $14.17, 2nd Target $13.57
Stop Loss Criteria- $16.23
Special Note- Could consider August $15 Puts which are $0.40
Please check back for Trade updates. (Note: Trade update is little delayed here.)
* Trade Criteria *
Date First Found- July 27, 2017
Pattern/Why- Double top formation
Entry Target Criteria- Break of $15.37
Exit Target Criteria- 1st Target $14.17, 2nd Target $13.57
Stop Loss Criteria- $16.23
Special Note- Could consider August $15 Puts which are $0.40
Please check back for Trade updates. (Note: Trade update is little delayed here.)
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