FCX came up in capture in crush scan. It seems forming a head & shoulder formation. It can easily break down to $13.43 area.
* Trade Criteria * Date First Found- February 16, 2017 Pattern/Why- Head & shoulder, Capturing the crush Entry Target Criteria- Break of $14.83 Exit Target Criteria- $13.43 Stop Loss Criteria- $15.33
Please check back for Trade updates. (Note: Trade update is little delayed here.)
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February 17th- Traded down & hit entry price today. Wait & see if it can hit target price soon.
February 21st- Huge 5.23% decline today with huge volume, and traded close to first target. Looking very good as short.
February 22nd- Another 2.83% decline today, and made a lower low. We are loving this short trade. Updating stoploss to $14.93