PENN - short from upper channel line to lower line, possible H&S

PENN is running within a upward channel and now its declining from upper line of the channel. We would like to take the opportunity as it declines towards lower channel line. And if it declines further it can form a Hand & shoulder and go as low as $10.

Trade Criteria
Date first found- January 18, 2016
Entry Target Criteria- Break of $12.97
Exit Target Criteria- First target $12.07; Possible second target $10
Stop Loss Criteria- $13.47
Trade Status: Pending

(Note: Trade update is delayed here.)