The underlying stock is oversold based on the stochastic indicators and the RSI is the lowest it has been since late October. The stochastic indicators made a bullish crossover on Friday.
Category: Option Trades
Trade Cerner (NASDAQ: CERN) to Potentially Double Your Money in Five Weeks
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Near the lower rail of an upward trend, it’s oversold based on the daily stochastic indicators. The last two times the indicators were this low, the stock bounced pretty quickly.
Trading Melco Resorts (NASDAQ: MLCO) Could Double Your Money in Five Weeks
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It’s my “Option Trade of the Day”.
Trading Carnival (NYSE: CUK) Targets a 75% Return in About Five Weeks
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It’s my “Option Trade of the Day”.
Trade Salesforce.com’s (NYSE: CRM) Drop for a Potential 75% Return in 6 Weeks
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Trending lower since early September, it’s right up against the upper rail right now and is overbought.
Trade Albertsons (NYSE: ACI) to Potentially Double Your Money in Ten Weeks
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With the 50-day moving average providing support, its chart now looks similar to a pattern developed in December when the stock made a huge move higher.
Trade Crown Castle’s (NYSE: CCI) Drop for a Potential 75% Return in 10 Weeks
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In a trend for the last seven months, its stochastic indicators were recently in overbought territory and made a bearish crossover yesterday.
This SPDR Oil & Gas ETF (NYSE: XOP) Trade Targets a Potential 100% Return in 6 Weeks
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It’s my “Option Trade of the Day”.
Trade Infosys (NYSE: INFY) to Potentially Double Your Money in 10 Weeks
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The 10-day RSI hit its lowest level since March and the stochastic indicators were in oversold territory for only the second time since last March.
Trade SPDR S&P Bank ETF (NYSE: KBE) Shares for a Potential 100% Return by mid-March
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Trending higher since late September, they just hit the lower rail and now look poised to move higher.