New Issue SQ is making new highs and has recently seen sizeable volume. Could be a great buy if this stock breaks out at $60.60
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Square's trend has changed, if you don't belive me take a look at this chart! Following an unsuccessful IPO (Can't think of any successful one in today's market enviroment) it bottomed out at $8.05 and volume dried up, subsequently it started gaining momentum volume picked up and reached a level of 12.64 forming what looks to be a cup, then the handle came along...
SQ has moved very well, has created a NEW cup for a NEW stock. You can look to buy shares or buy options, I would look at time the Sept 13C are at 1.95 but bid is 1.35 losing 60 cents per share in spread that is a lot to make up, consider stock here also...however BE is 14.95 by red vertical line to break even on the calls. Do the research they are not making...
