Eli
Long

BEN - Follow Call buying to $45 in 4 months time

NYSE:BEN   FRANKLIN RESOURCES INC
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Sharp money has positioned themselves in BEN calls since mid November and have recently added with January 2017 and January 2018 calls, targeting 50% retrace of the 2015 high to 2016 low at $45. $41.50 is roughly the next resistance level , with $39 a decent stop loss level.

BEN weekly chart is in a bull flag , fighting the 100 period moving average above. A break of this MA should trigger buying that will propel the stock towards target.
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