speculator
Long

KBH turning up within channel

NYSE:KBH   KB HOME
9 0 0
Technicals - Bouncing off support a year ago & and within recent channel...playing to reach near 13.50

Opened 12/23 buying "KBH Jan 15 '16 $12 Call" for -0.94 debit:
-Descent risk/reward entry to play channel
-MACD, Stochastics, DMI             turning positive
-Entry=12.59, Stop=11.99, Target=>~13.50

Note, earnings coming on 1/7 and housing recently reported well...possible additional upside potential

Plan to exit near target or any significant move upward.

Start raising stop alerts as target is approached.
Comment: Took a big hit on this one. Closed after underlying opened down post earnings and running out of time for a recovery.

Closed for a loss....aarg
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