Possible fallen angel pattern in ALJ. Nicely scoping & money-flow is improving strongly. We think it will reach to 8.50 area. Break above 7.09 will be ideal Long entry.
For trade we would consider December $7.50 Calls
Now earning is over and company met expectation, and recent bullish EPS from many analyst is getting attraction, and price seems to breakout upside next few weeks. Any pull back is an opportunity to add a few long positions with target price at 21 and above by January 2015. If you decide to take a long position make your stop loss at recent swing low at and around...
There is selling over the past month at a very important long term trend line.
This has the ability to push price back toward the lows. At the first target
which is the up trend line around $10 will allow the bulls to test the long
side of the market. Risk can be limited by placing stops below the
October 2013 lows. The emphasis here is the increase in volume...