$PATK large nice 5 months cup with handle setup. Earnings in couple weeks. Ideally, i would like this to trade quietly for the 1st half of this week and breaks out in the 2nd half (orange bars) 4 quarters of earnings and sales acceleration.
Looking to Break below 78.93, Stop signal 83.53, First target 71.57. 2nd target momentum
Long $PATK from 64 Stop: $60 Target 1: $85 Target 2: $105 trailing 50sma exit on close
PATK: patrick inds inc 2018-05-18 08:32:06 Detected possible stock repurchase
PATK seems very interesting short setup. It has broken down from a pennant formation. It is breaking down a long term support, and it also has a double top formation. All these technical suggesting a decline. We think it has strong downside potential. * Trade Criteria * Date First Found- April 18, 2018 Pattern/Why- Support breakdown short, Double top & Pennant...