TRMB was on our watch list form December. We were looking for the break of its upward channel formation. At last, it has broken down its Uptrend & Major EMA lines. It also has huge insider selling. We think it will continue downward from here.
* Trade Criteria * Date First Found- February 21, 2018 Pattern/Why- Downward Momentum Play Entry Criteria- Break of $36.37; Aggressive entry at current price ($38.51). (Hit February 22, 2018) Exit Criteria- 1st Target $34.17 and 2nd Target $30.73 Stop Loss Criteria- $41.77 Indicator Notes- Twiggs money flow deep into the negative side. Special Note- Lots of insider selling
Please check back for Trade updates. (Note: Trade update is little delayed here.)