GBX seems breaking down its Macro frame uptrend & upward channel formation. It has big insider selling from CEO and others. We think it has very good downside potential.
To play this we would consider $50 June puts look
* Trade Criteria * Date First Found- April 4, 2018 Pattern/Why- Long term trend break, Upward channel breakdown short Entry Criteria- $44.43 Exit Criteria- $35.53 Stop Loss Criteria- $52.54 Indicator Notes- Twiggs money flow deep into the negative side. Special Note- Big insider Selling from CEO and others. $50 June puts look reasonable.
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