SWKS - Double top formation short from $93.87 to $72.23 & lower
SWKS seems falling down from its all time high resistance in longer term, and in the short term it seems forming a flag formation. It also has huge insider selling recently. Overall it looks very interesting short opportunity.
* Trade Criteria *
Date First Found- June 29, 2017
Pattern/Why- Double top formation; Flag formation
Entry Target Criteria- Break of $93.87
Exit Target Criteria- 1st Target $72.23, 2nd Target $62.23
Stop Loss Criteria- $105.93
Special Note- We would consider November $92.50 & $75 puts, last traded for $6.70 & $1.75 consecutively
Please check back for Trade updates. (Note: Trade update is little delayed here.)
* Trade Criteria *
Date First Found- June 29, 2017
Pattern/Why- Double top formation; Flag formation
Entry Target Criteria- Break of $93.87
Exit Target Criteria- 1st Target $72.23, 2nd Target $62.23
Stop Loss Criteria- $105.93
Special Note- We would consider November $92.50 & $75 puts, last traded for $6.70 & $1.75 consecutively
Please check back for Trade updates. (Note: Trade update is little delayed here.)
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