beckyhiu

Movie Play

Long
BATS:DWA   None
259 views
1
Super oversold on weekly (15.84), there was a hammer bottom on the weekly chart, closed above 5 weekly vwap , still not oversold on daily, MACD turning positive on daily, 20 MA flattening out ,16.90 was big support that became resistance, but it closed above it on 12-24-12 at 17.06, 63m float, end of year movie play. 39% undervalued based on YCharts. Schaeffer's: 12/7/12: PT reduced to 15 from 18, near term traders bearish (think they've closed out their options positions for a profit already since OPEX was last Friday). Catalysts are strong.

Comments

Didn't follow through today. Entered via some Feb call spreads and Jan calls. Still holding.
Reply