Calumet, Inc
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CLMT - Fallen angel type Momentum long from $5.80 or at break

249
CLMT seems forming very good fallen angel formation. After a huge downward move not its scooping up & had some upward move.
It has strong insider buying, We think it can go higher forming a flag formation here.

* Trade Criteria *
Date First Found- August 16, 2017
Pattern/Why- Fallen angel
Entry Target Criteria- consider pullback to 5.80-5.87 area or break of yesterdays high of 6.93
Exit Target Criteria- Momentum
Stop Loss Criteria- N/A

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

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