BBTrader29
Short

DXC Breakdown

NYSE:DXC   DXC TECHNOLOGY COMPANY
DXC has broken out of its flag pattern on the daily chart to the downside. I would expect a quick profit and shorting to $61 range. That's about half the range within the flag consolidation it was in, which is typical measurement of breakout potential. I put a stop alert at the $65 level which is right around moving average resistance. 1:1 risk/reward ratio on this trade with quick 3% gain shortside potential, entering in with an option put.
Trade closed: target reached
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