AcornWealthCorp

STON - Fallen angel breakout trade from $6.73 to $8.87

Long
NYSE:STON   None
STON seems a very nice fallen angel setup with strong surge in Twiggs money flow. We think it has good potential to rise to $9 area.

Date First Found- October 23, 2017
Pattern/Why- Fallen angel, breakout trade
Entry Target Criteria- Break of $6.73 (hit October 26, 2017)
Exit Target Criteria- 1st Target $6.87 (hit October 27, 2017), 2nd Target $8.87
Stop Loss Criteria- $6.43 (updated October 31, 2017)
Indicator Notes- Twiggs Money flow accumulating
Special Note- Good insider buying
Trade Video link - www.youtube.com/watch?v=BSWzjC_x...
Time Span - 0:06:25”
Next Earnings Release Date- N/A

Relevant Updates:
November 7th- created a higher high and a higher low and closed strong. This continues to look good as a long.

October 31st- approaching its 100 day SMA at $7.14 which could offer some resistance. Updating our stop loss criteria to $6.43

October 27th- hit our first exit zone criteria and now we watch for a potential bigger move higher

October 26th- hit our entry zone criteria and now we wait and see.

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