FNSR - Double top breakdown short from $26.38 to $20.13

Mar 14, 2017

FNSR seems breaking down from a double top. We can see nice Adam & Eve top formation. As it breaks the support label it can decline all the way down to $20 area.

* Trade Criteria *
Date first found- March 13, 2017
Pattern/Why- Double top short
Entry Target Criteria- Break of $26.38
Exit Target Criteria- $20.13
Stop Loss Criteria- $28.13

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

Mar 16, 2017

Trade active

March 14th - Hit entry price in the morning, declined further down and closed at the bottom of the range. Looking very good as short. Would also consider June $26 Puts currently $2.15

Mar 29, 2017

Trade closed: stop reached

March 28th - Stopped out, but we are keeping it in the list for possible re-entry. We still like it as short & waiting for proper entry point.