AcornWealthCorp

PATK - Pennant breakdown short from $55.22 to $48.13

Short
NASDAQ:PATK   Patrick Industries, Inc
PATK seems very interesting short setup. It has broken down from a pennant formation. It is breaking down a long term support,
and it also has a double top formation. All these technical suggesting a decline. We think it has strong downside potential.

* Trade Criteria *
Date First Found- April 18, 2018
Pattern/Why- Support breakdown short, Double top & Pennant formation
Entry Criteria- $55.22
Exit Criteria- $48.13
Stop Loss Criteria- $57.82
Indicator Notes- Twiggs money flow declined sharply to the negative side
Special Note- Insider selling

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 http://www.smartmoneytrading.com/now

Check out some of our free video examples @ https://ziblvrn8.pages.infusionsoft.net