The last three instances where the stock was in overbought territory and made a bearish crossover (like this past Friday), the stock has dropped significantly in the following weeks.
Category: Option Trades
Trade This Stock’s Drop for a 75% Return in Seven Weeks
by •
In two previous occasions this year the RSI and the stochastics were in overbought territory, like now. In both instances the stock dropped.
Trade This Stock’s Drop for a 75% Return by mid-November
by •
It looks like a possible head and shoulders pattern is forming. For the pattern to be confirmed, the stock will have to drop to the $82 area.
Trade This Stock’s Drop for a 75% Return in Seven Weeks
by •
We could be looking at a double-top formation here. If the stock moves below the 50-day moving average we could see the selling accelerate.
This AbbVie (ABBV) Trade Could Double Your Money by mid-November
by •
It’s my “Option Trade of the Day”.
This Trade Could Double Your Money in Eight Weeks
by •
It’s my “Option Trade of the Day”.
Trade This Stock’s Bounce for 75% Returns in Two Months
by •
It’s my “Option Trade of the Day”.
Trade This Stock’s Drop for 75% Returns in Eight Weeks
by •
It’s my “Option Trade of the Day”.
Trade This Stock for 75% Returns by mid-November
by •
It’s been climbing higher from its March low in a defined trend channel and just bounced off the lower rail.
Trade This Bouncing Stock for a 75% Return in Two Months
by •
The risk/reward scenario for this bullish name seems like a good trade.