AcornWealthCorp

AOS - H&S formation short from $$66.16 to $53.35

Short
NYSE:AOS   A.O. Smith Corporation
AOS is running within a channel formation & now challenging its channel resistance. It also seems shaping a H&S formation. We think it has good downside potential from current level.
To Play this we would consider $65 July puts ($2.95)

* Trade Criteria *
Date First Found- February 22, 2018
Pattern/Why- Upward channel; H&S formation
Entry Criteria- From current price ($66.16) (Hit February 23, 2018)
Exit Criteria- $53.35
Stop Loss Criteria- $68.67
Indicator Notes- Twiggs money flow heading to the negative side.
Special Note- Quite a lot of insider selling. Sizable insider selling in early February
We would consider $65 July puts ($2.95)

Please check back for Trade updates. (Note: Trade update is little delayed here.)
Like what you see? Get full access to our 3X daily members only video/txt alerts & live trading room at http://www.smartmoneytrading.com/now

Check out some of our free video examples @ https://ziblvrn8.pages.infusionsoft.net