AcornWealthCorp

HLT -Double top formation short from $80.40 to $68 & 75 July Put

Short
NYSE:HLT   Hilton Worldwide Holdings Inc.
HLT seems forming a double top formation with negative money flow divergence. It also has heave insider selling. We think it has strong downside potential.

To play this we would consider July $75 Puts @ 2.27

* Trade Criteria *
Date First Found- February 27, 2018
Pattern/Why- Double Top formation
Entry Criteria- From current level ($80.40) (Hit February 28, 2018)
Exit Criteria- $68.74
Stop Loss Criteria- $88.42
Indicator Notes- Twiggs money flow index declined sharp below zero.
Special Note- Heavy insider selling. We would Consider July $75 Puts @ 2.27

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


Like what you see? Get full access to our 3X daily members only video/txt alerts & live trading room at www.smartmoneytrading.com/now

Check out some of our free video examples @ smartmoneytrading.com/insights/
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.