EURUSD at quasimodo level ( www.profitf.com ) and Buff pattern ( www.forexpeacearmy.com )
BUFF is forming a possible declining neck head & shoulders pattern. In the weekly frame it also seems a head & shoulder formation. It has high P/E & Debt/Equity ratio. It also has some insider selling history. So overall a decent short opportunity, from $23.17 to 18 area. On the option side we would consider $25 March-17 Puts You can check our detailed...
Cancelled the MEET previous trade (for now) and focusing on this one. Dean C is already in .23 x .45
BUFF has been stair stepping downwards the past couple of weeks and should continue, First it needs to break the support level at around $22.50 then it should have no problem heading down to around $21. The multiple long upper shadows suggest the Bulls have been attempting to gain momentum but have been unsuccessful, signaling the Bearish trend should continue
Blue Buffalo (BUFF) is a small well-liked company company selling high-quality pet food. They are growing earnings at 20%. After hitting a high near 29 in August after its IPO, it has fallen to 17. Now is the tie to buy after its post-IPO drop.