Options Oracle: 04/11/14

too-041114

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.


To gain access to the PDF download and video, sign up for an Options Oracle Subscription!
AJ Monte

No comments yet.

Leave a Reply