AAOI seems forming a possible Head & Shoulder formation. It has fair bit of insider selling, however short float is also high. Its just starting to break through support label & if it breaks through this label it has good down side potential.
* Trade Criteria * Date First Found- June 27, 2017 Pattern/Why- Possible H&S formation Entry Target Criteria- Break of $57.47 Exit Target Criteria- $42.53 Stop Loss Criteria- $62.23
Please check back for Trade updates. (Note: Trade update is little delayed here.)