ANDV - Double top formation short from $102 to $85 & 97.50 Puts

18 Mar 2018

ANDV seems forming a double top here with a strong Twiggs money flow divergence. We think it has good downside potential.
To play this we would consider $97.50 May Puts.

Relevant Updates:

* Trade Criteria *
Date First Found- February 5, 2018
Pattern/Why- Double top on Weekly chart
Entry Criteria- Short at current price ($102.00) (Hit February 5, 2018)
Exit Criteria- $85.13
Stop Loss Criteria- $103.17 (Updated February 14, 2018)
Indicator Notes-Twiggs money flow declined to the negative side
Special Note- Some small insider selling. We would look at the $97.50 May Puts.

Please check back for Trade updates. (Note: Trade update is little delayed here.)