Stock is near all time lows and probably will make new lows soon. Small chance it tries to test the upper trendline first, in which case I would stop out of the trade above 7.75.
Like CLSD, I would not short this outright, but buy the Jan19 12.5 puts.
MCRB broken out of a falling wedge formation & now breaking out of its resistance zone. We think it will continue upward from here.
* Trade Criteria *
Date First Found- June 20, 2017
Pattern/Why- Falling wedge breakout continuation Long
Entry Target Criteria- Break of $10.87
Exit Target Criteria- $12.77
Stop Loss Criteria- $9.87
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