ASTE- Head & Shoulder formation short from $55.27 to $46.13

NASDAQ:ASTE   Astec Industries, Inc.
ASTE seems forming a downward neck head & shoulder formation. Moneyflow completely broken down. Overall it looks very interesting as short & we think it can decline to $46 area.

To play this we would consider $55 or $60 September puts.

* Trade Criteria *
Date First Found- May 19, 2017
Pattern/Why- Head & Shoulder formation
Entry Target Criteria- Break of $55.27
Exit Target Criteria- $46.13
Stop Loss Criteria- $58.57

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