BMS - Head & shoulder formation Short from $48.17

8 Mar 2017

BMS coming out of an upward channel, and appears to be coming out of a previous Head & shoulder formation. It also has quite chunk of insider selling.

On the option side we would consider $50 April-17 Puts, last traded for $2

* Trade Criteria *
Date first found- March 7, 2017
Pattern/Why- Upward channel breakdown
Entry Target Criteria- Break of $48.17
Exit Target Criteria- $44.67
Stop Loss Criteria- $49.13

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

13 Mar 2017

Not

March 10th - Significant upward move. Never hit our entry criteria.