AOS is running within a channel formation & now challenging its channel resistance. It also seems shaping a H&S formation. We think it has good downside potential from current level. To Play this we would consider $65 July puts ($2.95)
* Trade Criteria * Date First Found- February 22, 2018 Pattern/Why- Upward channel; H&S formation Entry Criteria- From current price ($66.16) (Hit February 23, 2018) Exit Criteria- $53.35 Stop Loss Criteria- $68.67 Indicator Notes- Twiggs money flow heading to the negative side. Special Note- Quite a lot of insider selling. Sizable insider selling in early February We would consider $65 July puts ($2.95)
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