NVRO- Upward-channel breakdown, short from $74.17 to $50

1 בדצמ׳ 2016

NVRO running within a long term upward channel type of formation. If it break it will be very substantial. In the short term it formed a H&S formation & broke down to its target price. It also has insider selling. Now A break below Wednesdays low would offer confirmation or second entry criteria. Target 50.00
Would look at February $85 Puts and consider a Stop of 86.33

You can check our detailed analysis on NVRO in the trading room/ Executive summary link here-
youtube.com/watch?v=CLNJC2mGHWY
Time Span- 1:20"
Trade Status: Pending