SMP- Downward momentum short $48.33 to $44.13 or lower
SMP looking nice breakdown short setup. All the moving averages clustering beneath it. If it continues it break, it has long way to go. On the option side we would consider $50 September puts
* Trade Criteria *
Date First Found- May 22, 2017
Pattern/Why-Downward momentum short
Entry Target Criteria- Break of $48.33
Exit Target Criteria- $44.13 7 lower
Stop Loss Criteria- $%0.23
Please check back for Trade updates. (Note: Trade update is little delayed here.)
* Trade Criteria *
Date First Found- May 22, 2017
Pattern/Why-Downward momentum short
Entry Target Criteria- Break of $48.33
Exit Target Criteria- $44.13 7 lower
Stop Loss Criteria- $%0.23
Please check back for Trade updates. (Note: Trade update is little delayed here.)
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