CELG - Double top formation short from $132.87 to $97.73 & $67.2
CELG seems forming a double top formation in the weekly frame. It also has strong insider selling. We think it can decline on long term.
* Trade Criteria *
Date First Found- July 27, 2017
Pattern/Why- Double top on weekly chart
Entry Target Criteria- Break of $132.87
Exit Target Criteria- 1st Target $97.73, 2nd target $67.23
Stop Loss Criteria- $141.33
Special Note- $130 October puts are $4.10 and had huge volume today
Please check back for Trade updates. (Note: Trade update is little delayed here.)
* Trade Criteria *
Date First Found- July 27, 2017
Pattern/Why- Double top on weekly chart
Entry Target Criteria- Break of $132.87
Exit Target Criteria- 1st Target $97.73, 2nd target $67.23
Stop Loss Criteria- $141.33
Special Note- $130 October puts are $4.10 and had huge volume today
Please check back for Trade updates. (Note: Trade update is little delayed here.)
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