MEDP seems running within an upward channel formation. Right now it's getting back from its upper Chanel line. It also has some 100% selles from insider. We think it has good downside potential.
To trade one could consider June $55 or $60 Puts
-------------------
*Trade Idea*
Date First Found- February 11, 2019
Pattern/Why- Upward Channel formation
Entry Criteria- $60.87
Exit Criteria- 1st Target: $50.33, 2nd Target: 33.13
Stop Loss Criteria- $65.73
To trade one could consider June $55 or $60 Puts
-------------------
*Trade Idea*
Date First Found- February 11, 2019
Pattern/Why- Upward Channel formation
Entry Criteria- $60.87
Exit Criteria- 1st Target: $50.33, 2nd Target: 33.13
Stop Loss Criteria- $65.73
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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.
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.