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

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)

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