VRA - Inverted fallen angel formation momentum short

NASDAQ:VRA   Vera Bradley, Inc
VRA seems running within an upward channel formation. It also seems a possible inverted fallen angel formation. Broken down most of its moving averages and it has big insider selling. We think it will be a good short as a hedge against so many long we have.

* Trade Criteria *
Date First Found- May 7, 2018
Pattern/Why- Upward channel, Inverted fallen angel formation
Entry Criteria- Current Level ($10.19)
Exit Criteria- Momentum
Stop Loss Criteria- $10.92
Indicator Notes- Twiggs money flow crossed to the negative side.
Special Note- Big insider selling

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