AAOI - Possible H&S formation short from $57.47 to $$42.53

AAOI seems forming a possible Head & Shoulder formation. It has fair bit of insider selling, however short float is also high. Its just starting to break through support label & if it breaks through this label it has good down side potential.

* Trade Criteria *
Date First Found- June 27, 2017
Pattern/Why- Possible H&S formation
Entry Target Criteria- Break of $57.47
Exit Target Criteria- $42.53
Stop Loss Criteria- $62.23

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