EGN Short on Large Bear Pennant; Poor Fundies Short

Description

⋅ Feb 1, 2015 3:07 AM

EGN is a extremely weak fundamentally with a high PEG ratio. It is setting up with a large Bear Pennant. Price action has entered apex of pennant. A breakdown below $59.78 would trigger a short position.

Owner of Grok Trade; trader of 17 yrs.

Bearish Pennant Pennant