PFGC formed an inverse bump & run formation and now seems breaking into its Channel formation. It has a fair amount of insider selling & big institutional selling.
We think it has strong downside potential.
* Trade Criteria * Date First Found- February 21, 2018 Pattern/Why- Inverse bump & run formation Entry Target Criteria- Break of $29.73 Exit Target Criteria- Momentum Stop Loss Criteria- $31.63 Indicator Notes- Twiggs money flow deep in the negative side. Special Note- Lots of insider selling with big $ and big %'s
Please check back for Trade updates. (Note: Trade update is little delayed here.)