CATM -Downward channel breakout long from $26.49 to $34.44/39.73

25 Mar 2018

CATM had a huge decline & now seems getting upward momentum. It seems broken out from a short-term downward channel. It has good volume & strong money flow index. We think it will continue upward from here.

* Trade Criteria *
Date First Found- March 7, 2018
Pattern/Why- Downward channel breakout long.
Entry Criteria- From Current price ($26.49) (Hit March 8, 2018)
Exit Criteria- 1st Target $34.33; 2nd Target $39.73
Stop Loss Criteria- $23.23
Indicator Notes- Strong Twiggs money flow
Special Note- Could consider June $25 calls at $2.45

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