Wingstop Inc.Short
WING - Reversal from Upward channel line, short at $37.08
WING was in our watch list for short, but it never broke down. However with earning it went up & interestingly it hit its upward channel resistance line. We think it will decline form here, and considered a short position from the upper channel line.
* Trade Criteria *
Date First Found- November 6, 2017
Pattern/Why- Reversal from Upward channel line.
Entry Target Criteria- entry at $37.08 (Entry November 6, 2017)
Exit Target Criteria- 1st Target $33.23 & 2nd Target $28.73
Stop Loss Criteria- $39.17
Please check back for Trade updates. (Note: Trade update is little delayed here.)
* Trade Criteria *
Date First Found- November 6, 2017
Pattern/Why- Reversal from Upward channel line.
Entry Target Criteria- entry at $37.08 (Entry November 6, 2017)
Exit Target Criteria- 1st Target $33.23 & 2nd Target $28.73
Stop Loss Criteria- $39.17
Please check back for Trade updates. (Note: Trade update is little delayed here.)
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