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 - youtube.com/watch?v=BSWzjC_xOoE 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.