Yesterday, the stochastic indicators performed a bearish crossover and the RSI dropped out of overbought territory. The last few times we have seen this setup, the stock dropped in the weeks that followed.
Category: Option Trades
Trade EOG Resources (NYSE: EOG) to Potentially Double Your Money by mid-June
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It just hit the lower rail of its trend channel and looks primed for its next move higher.
This Amkor (NASDAQ: AMKR) Trade Could Double Your Money in Eight Weeks
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The underlying stock has been trending higher for quite some time now and in similar setups in late January and early March, when it jumped rather sharply in the ensuing weeks.
Trade State Street’s (NYSE: STT) Rally to Potentially Double Your Money by mid-June
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Trending higher over the last six months, the stock is in oversold territory and made a bullish crossover last night.
This Bullish American Airlines (NASDAQ: AAL) Trade Could Double Your Money by mid-June
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The underlying stock just hit the lower rail of of a six month trend channel and the stochastic indicators made a bullish crossover while in oversold territory.
iShares Nasdaq Biotechnology ETF (NASDAQ: IBB) Looks Ready For Another Cycle Lower
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Below a trend line since late February, there have been a series of lower highs over the last month and the stock just hit the trend line.
Trade Moderna (NASDAQ: MRNA) to Potentially Double Your Money in Two Months
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It’s overbought based on both the 10-day RSI and the stochastic indicators with the stochastics making a bearish crossover last night.
Trade Callaway Golf’s (NYSE: ELY) Drop for a Potential 75% Return in Two Months
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In a downwardly sloped trend channel over the last two months, it’s hitting the upper rail. The stochastic indicators reached overbought territory and made a bearish crossover on Friday, as well.
Trade Box’s (NYSE: BOX) Bounce for a Potential 75% Return in Two Months
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It’s my “Option Trade of the Day”.
Trading Direxion Daily Energy Bull 2x Shares (NYSE: ERX) Targets a Potential 100% Return in 5 Weeks
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The underlying security looks to be in a similar setup to late January when it nearly doubled in six weeks.