CRM - Double to short setup from $82.46 to $75.13, Jun 85 put

CRM is forming a possible Adam & Eve double top formation. Moneyflow is diverging & now sharply heading down.
It also has a lot of insider selling recently. We think it has very good decline potential.
On the option side we would consider June $85.00 Puts, last traded for $5.00

* Trade Criteria *
Date first found- March 20, 2017
Pattern/Why- Adam & Eve double top formation
Entry Target Criteria- Break of $82.46
Exit Target Criteria- $78.33, 2nd - $75.13
Stop Loss Criteria- $84.57

Please check back for Trade updates. (Note: Trade update is little delayed here.)

Trade active:

March 21st- Very nice downward move hitting our entry criteria, and closed at the bottom of the range. Looking very good as Short.

Comment:

March 30th - Holding below MA resistance, wait & see situation.