CBM - Rising wedge breakdown short from $49.45 to $25.23

CBM broken down a long term wedge formation, retested its resistance & now falling down again. We considered an entry at the re-test of the resistance area, around $49.90 label. It has good insider selling, we think it has very good downside potential, and it can decline down to $25 area.

* Trade Criteria *
Date First Found- November 7, 2017
Pattern/Why- Rising wedge formation breakdown
Entry Target Criteria- Break of $49.45 (Hit November 7, 2017)
Exit Target Criteria- $25.23
Stop Loss Criteria- $51.53

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