ASTE seems forming a downward neck head & shoulder formation. Moneyflow completely broken down. Overall it looks very interesting as short & we think it can decline to $46 area.
To play this we would consider $55 or $60 September puts.
* Trade Criteria * Date First Found- May 19, 2017 Pattern/Why- Head & Shoulder formation Entry Target Criteria- Break of $55.27 Exit Target Criteria- $46.13 Stop Loss Criteria- $58.57
Please check back for Trade updates. (Note: Trade update is little delayed here.)
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