NYSE:ADS   Alliance Data Systems Corporation
Have been in on a position on ADs since 54.50 level. I longed it to my 80$ target. It had been on a rising channel for a month and just broke out of it. Down side target is all the way to 68$ level, but rising channel resistance is now at 81.80 a break above this could push one more touch to 85 level. A break below 78.34 with rejection could be a solid short position down to at least 75$ put. Watch for potential bounces at 73.40$ level. This coul contiue down to 68$ level of plays out as expected

Comments