AcornWealthCorp

FDP - Inverted flag pattern short from $56.13 to $50 or lower

Short
NYSE:FDP   FRESH DEL MONTE PRODUCE INC
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1
FDP seems forming a inverted flag formation . It broke down major support & moneyflow is very deep down. It had some insider selling as well. Overall it seems a good shorting opportunity.

Trade criteria
Open - Break of $56.13
Target - $50, 34
Stoploss- $57.53
Note: - $55 Mar-17 Puts @ $1.70

You can check our detailed analysis on FDP in the trading room/ Executive summary link here-
http://www.screencast.com/t/3e0ZTENUQwBd...
Time Span- 14:10"
Trade Status: Pending
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Comments

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