It’s my “Option Trade of the Day”.
Trade Continental Resources (NYSE: CLR) for a Potential 75% Return in Eight Weeks
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Trending lower for the last five months, it’s at the upper rail with both the RSI and the stochastic readings in overbought territory.
Trade Holly Frontier (NYSE: HFC) to Potentially Double Your Money in Eight Weeks
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It’s overbought and the stochastic indicators made a bearish crossover last night. That’s a pretty good sign that a downswing is coming.
This First Solar (Nasdaq: FSLR) Trade Targets a Potential 75% Return by mid-January
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The underlying stock’s indicators made a bullish crossover yesterday. The last three times that happened, the stock jumped sharply.
Trade Virgin Galactic (NYSE: SPCE) for a Potential 75% Return in Two Months
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In a downward slope for the last four months, look for it to go through its next downward cycle over the coming weeks.
Trade Barrick Gold (NYSE: GOLD) to Potentially Double Your Money in Two Months
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It just hit support and the daily stochastic indicators are in oversold territory and made a bullish crossover last night.
Trade Akamai Technologies (Nasdaq: AKAM) for a Potential 75% Return in Two Months
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Technically, it appears to have made a double-bottom pattern at the $95 level and the target move should take the stock up to $112.
Trade BP PLC (NYSE: BP) to Potentially Double Your Money in Five Weeks
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It’s been in a downtrend channel for the last six months and won’t need to set new lows to hit our target.
Look for KAR Auction Services (NYSE: KAR) to Drop Sharply in the Coming Weeks
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It’s hitting resistance again and is overbought based on both the RSI and the stochastic indicators.
Trade This Stock’s Drop to Potentially Double Your Money in About Five Weeks
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It’s overbought and looks eerily similar now to its pattern in June when it dipped over 40%.