PEIX is falling since its reported earnings 2 weeks earlier, though the report was better than expected. With the report it went up but declined sharp, as if the investors took the profit off the table & pushed it down. Now its testing its recent support and if it breaks below, it can decline as low as $4.15
* Trade Criteria * Date First Found- March 15, 2017 Pattern/Why- Momentum Break Down Entry Target Criteria- Break of $6.60 Exit Target Criteria- $5.17/$4.17 Stop Loss Criteria- $7.23
Please check back for Trade updates. (Note: Trade update is little delayed here.)