ZAYO seems to be breaking down. It could be possibly a Long term H&S formation. It had 168 million worth insider selling recently , and huge more insider selling from January till now. We think it has strong downside potential.
* Trade Criteria * Date First Found- December 5, 2017 Pattern/Why- Potential Longer term H&S formation Entry Target Criteria- Current Price ($34.67) Exit Target Criteria- 1st Target $30.15 2nd Target $23 Stop Loss Criteria- $36.15 Indicator Notes-Twiggs moneyflow getting deep in the negative side. Special Note- 168 million worth insider selling recently , and huge more insider selling from January till now
Please check back for Trade updates. (Note: Trade update is little delayed here.)