Exelixis, Inc.Short
EXEL - Upward channel breakdown short from $25.93 to $20.13
EXEL seems breaking down from a Triangle formation in short frame & breaking down an upward channel in the long frame. We think if it breaks below $25.93, it will continue its down move to 20 or lower.
To play this we would consider $27 April Puts
* Trade Criteria *
Date First Found- February 27, 2018
Pattern/Why- Upward channel breakdown short
Entry Target Criteria- Break of $25.93
Exit Target Criteria- 1st Target $20.13, 2nd Target- Momentum
Stop Loss Criteria- $29.13
Indicator Notes- Twiggs money flow sharply declined below Zero line
Special Note- Decent insider selling around $27 price. Would consider $27 April Puts
Please check back for Trade updates. (Note: Trade update is little delayed here.)
To play this we would consider $27 April Puts
* Trade Criteria *
Date First Found- February 27, 2018
Pattern/Why- Upward channel breakdown short
Entry Target Criteria- Break of $25.93
Exit Target Criteria- 1st Target $20.13, 2nd Target- Momentum
Stop Loss Criteria- $29.13
Indicator Notes- Twiggs money flow sharply declined below Zero line
Special Note- Decent insider selling around $27 price. Would consider $27 April Puts
Please check back for Trade updates. (Note: Trade update is little delayed here.)
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