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.
Category: Option Trades
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%.
This Trade Targets a Potential 75% Return in a Little Over One Month
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It’s my “Option Trade of the Day”.
This Stock Could Potentially Double Your Money in 6 Weeks
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Trending higher since March, it hit the lower rail of the channel six days ago and then bounced.
Trade This Stock’s Drop for a Potential 75% Return in Less Than Two Months
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The stochastic indicators hit overbought territory and made a bearish crossover last night. Over the last five months every time that’s happened, the stock has dropped.
Trade This Stock’s Drop for a Potential 100% Return in 6 Weeks
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It’s in overbought territory and just hit the upper rail of its trend channel and turned lower.
This Trade Could Potentially Double Your Money by mid-December
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The underlying stock just hit its lower trend line and bounced.
Trade This Stock for a Potential 75% Return in About 6 Weeks
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The company’s fundamental ratings couldn’t get any better and the stock just hit the lower rail of trend it’s been following since April.