AcornWealthCorp

GBX - Upward channel/Trend breakdown short from $44.43 to $35.33

Short
NYSE:GBX   Greenbrier Companies, Inc. (The)
GBX seems breaking down its Macro frame uptrend & upward channel formation. It has big insider selling from CEO and others.
We think it has very good downside potential.

To play this we would consider $50 June puts look

* Trade Criteria *
Date First Found- April 4, 2018
Pattern/Why- Long term trend break, Upward channel breakdown short
Entry Criteria- $44.43
Exit Criteria- $35.53
Stop Loss Criteria- $52.54
Indicator Notes- Twiggs money flow deep into the negative side.
Special Note- Big insider Selling from CEO and others. $50 June puts look reasonable.

Please check back for Trade updates. (Note: Trade update is little delayed here.)

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