$VNTV Vantiv Over-extended due for correction below $70. Note: Idea/opinion, not investment advice
With the acquisition of Worldpay I had to get in to this one. I'm not sure how high this will go yet but it's a long position for me so we will see how it goes. I entered in @ 64.21 when I saw the news and noticed the consolidation. I have seen target prices ranging from $78-$85. If you want to trade this you could see 10%-20% Upside from here. I hold long term...
VNTV closed today with a possible Evening Star in the $63 resistance, in the upper side of a Descending Channel and closing the gap of six days ago. If tomorrow open with a gap down, we can enter short at $62.35 with a stop loss at $63.30 with a first take profit at $60.45. What do you think about this possible trade? KL: 62.35 SL: 63.30 TP1: 60.45 TP2: 60.00 TP3: 58.00