It’s overbought based on the 10-day RSI and the daily stochastic indicators and they made a bearish crossover.
Category: Option Trades
Trade First Horizon National (NYSE: FHN) to Potentially Double Your Money by mid-May
by •
The stochastic indicators reached a similar level at they did in late January and they made a bullish crossover on Friday. The move from the end of January through late February saw the stock rally over 28%.
Trade VICI Properties (NYSE: VICI) to Potentially Double Your Money in Two Months
by •
In a trend channel for the last five months, it just hit the lower rail and looks ready for its next leg higher.
Trading Energy Select Sector SPDR (NYSE: XLE) Targets a Potential 100% Return in Two Months
by •
It’s my “Option Trade of the Day”.
Trading Williams Cos. (NYSE: WMB) Could Double Your Money in Two Months
by •
The underlying stock hit the lower rail of a trend channel yesterday and the daily stochastic indicators made a bullish crossover. In similar instances in December and February the stock rallied over 15%.
Trade Lumentum Holdings’ (NASDAQ: LITE) Rally to Potentially Double Your Money in the Next 3 Months
by •
The weekly stochastic indicators are in oversold territory for only the third time since the beginning of 2019. In each of the two previous instances, the stock has rallied sharply over the next few months.
Trade The Drop in ProLogis (NYSE: PLD) for a Potential 75% Return in Two Months
by •
On Friday and the stochastic indicators made a bearish crossover out of overbought territory. Other instances of this pattern over the last four months or so and it has been a pretty good bearish indicator.
Trading CenterPoint Energy (NYSE: CNP) Could Double Your Money in Two Months
by •
It’s my “Option Trade of the Day”.
Trading Dollar Tree (NASDAQ: DLTR) Could Double Your Money in Two Months
by •
The underlying stock has been in a downward sloped trend since January. At the trend line now, the stochastic indicators are in overbought territory and have made a bearish crossover.
Trade Cleveland Cliffs’ (NYSE: CLF) Downtrend for a Potential 75% Return in About Two Months
by •
Year to date, it’s been in a slight downtrend and it hit the high a few days ago.