Shares of BAH look set to breakout and finally push thru the $40 level. It's currently in a rising wedge
, and given geo-risk and defense sector strength, I like this name. I think $45 will come quick (161.8% extension) if shares breakout. Earnings
aren't until May 21st, so I don't see much downside catalyst in the near term.
I want to give it time to work and limit risk, so I just bought June $45 calls for 20c.