AcornWealthCorp
Short

BUFF - H & S formation, short from $23.17 to $18 area

NASDAQ:BUFF   BLUE BUFFALO PET PRODS INC
31 1 1
BUFF is forming a possible declining neck head & shoulders pattern. In the weekly frame it also seems a head & shoulder formation. It has high P/E & Debt/Equity ratio. It also has some insider selling history.
So overall a decent short opportunity, from $23.17 to 18 area.
On the option side we would consider $25 March-17 Puts

You can check our detailed analysis on BUFF in the trading room/ Executive summary link here-
https://www.youtube.com/watch?v=vtV5l5_Skhs
Time Span: 1:50"
Trade Status: Pending
Should be an extremely exciting market ahead! Hope you join us on the Journey

Youtube- https://www.youtube.com/channel/UCff33DC5kOA7FxIm_yhea1A/videos

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marklavilla
2 months ago
I bought $22.5 Jan. 17 puts at $0.70. Thanks for the idea.
Reply
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