AcornWealthCorp

AAP - Fallen angel long from $106.47 to $127.23, Sep $110 Calls

Long
NYSE:AAP   Advance Auto Parts Inc.
AAP seems forming a nice fallen angel pattern. It also has some insider buying. We think it has good upside potential.
To play this We would consider September $110 calls are $3.80.

* Trade Criteria *
Date First Found- July 25, 2017
Pattern/Why- Fallen angel pattern
Entry Target Criteria- Break of $106.47
Exit Target Criteria- $127.23
Stop Loss Criteria- $99.07

Please check back for Trade updates. (Note: Trade update is little delayed here.)

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