As you can see from the chart of UA the stock has dropped significantly from the highs and has now reach a minor level of support. The drop in volume, along with the bullish engulfing pattern earlier this week, tells us it’s time to take the profits on our puts and run. I would suggest that you keep this stock on your watch list because I’m sure we will be trading it again soon.
Options Oracle: 04/11/14
Posted on April 11, 2014 by AJ Monte in Options Oracles
About AJ Monte
Leave a Reply
Feedback
Nick Nickolas, Restaurateur, Nick’s Fishmarket of HawaiiThe Market Guys have created the perfect recipe for financial success.
Christopher Larkin, VP, U.S. Retail Brokerage, E*TRADE SecuritiesE*TRADE is a strong advocate of investor education, understanding a knowledgeable investor is a successful investor. The Market Guys have been a key contributor to our worldwide educational efforts, delivering hundreds of seminars to our customers around the world.
Astronaut Dr. Buzz Aldrin, Apollo 11, 1969The Stock market is full of risk and uncertainty, but can bring great rewards to those who plan and execute properly. AJ gives you the navigational tools to profit in the market. Easy to understand, The Market Guys will help the novice and the expert alike reach their financial goals. I recommend The Market Guys to help you along your journey!