COO formed a double top in the weekly frame, and it has broken down all the MA lines. EMA lines crossed to the down side & moneyflow is deep in the negative side. We think it can decline all the way down to 120 area
On the option side we would consider $170 May Puts
You can check our detailed analysis on COO in the trading room/ Executive summary link here- youtube.com/watch?v=z6hzgbsfYHE Time Span: 7:45" Trade Status: Pending