FriscoTrades

EGHT back down to $8 - Short

Short
NYSE:EGHT   None
I saw EGHT 11/19 $20 PUT sweepers and they caught my eye as I've honestly never even heard of this stock. Great time for me to learn.

After checking the chart, it appears to be a nice short set up so I followed the sweeps :

-Bearish death cross
-Bearish MFI and RSI/Williams
-DEC 20 unfilled gap below
-Huge volume gap , can easily "fall off a cliff"
-Rejected at anchored VWAP

Stop is above VWAP with volume at $25.3

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