BWXT seems breaking down from a long-term upward channel formation. Twiggs money flow crossed to the negative side. It also had lots of insider selling. We think it has good downside potential.
* Trade Criteria *
Date First Found- December 26, 2017
Pattern/Why- Upward channel breakdown
Entry Target Criteria- Break of $59.73
Exit Target Criteria- Momentum
Stop Loss Criteria- $63.24
Indicator Notes- Twiggs money flow crossed down to negative side.
Special Note- Lots of insider selling
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Like what you see? Get full access to our 3X daily members only video/txt alerts & live trading room at smartmoneytrading.com/now
Check out some of our free video examples @ smartmoneytrading.com/insights/
Check out some of our free video examples @ smartmoneytrading.com/insights/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.