FLT broke down from a rising wedge, consolidated in pennant formation and now seems breaking down from the pennant. It is showing strong downward momentum as it crossed down all the moving average & down volume increased huge. Overall it looks a decent short with good risk-reward ratio.
Trade Criteria Entry Target Criteria- Break of $140.71 or rally to 146 Exit Target Criteria- $125.13 Stop Loss Criteria- $150.73 Option: $155 May-17 puts
You can check detailed analysis on FLT in the trading room/ Executive summary link here- youtube.com/watch?v=MIFne5qVVt0 Time Span- 5:35" Trade Status: Pending