FDC - Downward channel breakout Long from $18.43 to $20.76

7 May 2018

FDC was mentioned in our last trading room discussion on May 3rd. Earnings are already reported & it jumped up with the earnings and broke above its downward channel formation. We discussed it will be a possible long if it breaks above $18.43 & it did break that on Friday & looking great so far. We think it will continue upward.

* Trade Criteria *
Date First Found- May 3, 2018
Pattern/Why-Downward channel breakout long
Entry Criteria- $18.43
Exit Criteria- 1st Target $20.76, 2nd Target- Momentum
Stop Loss Criteria- $17.43
Indicator Notes- Strong Twiggs money flow index

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