The break and hold over $25 could be significant technically. With interest rate rises likely n the US which may benefit this sector this ETF could be a way to position long term to take advantgae of this with a long term OTM call spread
after four high volume days testing the now stubborn $30.80. Last session close at the top of the bar suggests momentum may be present to push through this now key price point and head towards $32 in the first instance. May suit a covered call type of strategy. The price sits above all key moving averages and does not look overbought at this stage
$39 is an important level for this financial big hitter. A move higher than $39.20 would represent a break from December highs and a continuation of the upwards trend channel.
High volume breakout, closing towards to top of the price bar and recent 5/15EMA cross looks supportive of a move to re-test $85 in the short term.
Short term ascending triangle. break over 50 EMA may put the stock back into the 13.14 range with potential upside to test $13.50 in the first instance. May suit short term scalping bought call or debit spread
Short term EMA cross and reversal to move back into the $28-30 price range. A hold above $28 in the next session may provide the opportunity for a butterfly or iron condor with short term expiry
With a cross of the shorter term EMAs and a move back over the 50, MU look like a solid technical reversal. A close above yesterdays high may offer an opportunity for a short term credit spread or weekly covered call opportunity
Despite Friday's low volume pull back INTC looks ripe for a breakout trade which may suit either a long term position or credit spread. The latest run up towards $33.50 appears to have stalled temporarily and a re-test of this key level looks possible with with a cross of the 200/50/15/5 EMA's early in the week.
high options premiums may provide potential opportunity on break on 8.90 to the upside for short term covered call or credit spread.. Neutral candle with a test of $9 on low trading volume prior to long weekend. Need confirmation of break prior to entry
Move over the 200MA last week on high volume reversal. Re-test of key $35, a breakthrough could see the stock test late 2014 price peak of $36.
Approaching key potential entry price point at $28.75 after a strong week with high trading volume Thursday and Friday. We have a break of the short term EMAs after a bounce off the 200MA.
Re-test and confirmation of the key $27 price point is suggestive of further upside on a break over Fridays high. Buying was accompanied by reasonable volume and the price closed near the high of the session. The stock is sitting above all key moving averages
A high volume break of recent previous pivot high at $14.80 (also see Aug and Mar 2014) suggests more potential upside. Price sits above all key moving averages and at a high not seen since 2007.
Break of $27.70 looks significant post earnings with high volume confirmation on Friday and obviously sits above all key moving averages with the 200MA as support. High yields on Options potentially give the opportunity for a covered call or credit spread. Liquidity is an issue with options so live or limit orders may be preferable.
BRCM moved over and held a break higher than $46.20 key price point. Trading volume has increased over the last 3 sessions and last nights close showed above average with a close near the high of the bar. May suit an ATM call spread or 2 week covered call.
Further up-move on average volume and new highs may provide further upside in this out-performer in the sector, Would need confirmation of further move higher in last hour despite the lofty heights price seems to continue to hit,
Financials led the market to the top of the current trading range of the S&P500 with BAC closing at the high of the bar and closing in on the next key level. We have crosses of the shorter term EMAs and trading volume which has been high this week. we are considering an OTM bull call spread triggered only on a break of $16.67 and strikes which mirror the top end...
A strong move back by high volume in Fridays trading pushing the underlying stock up significantly and over $14 which we would consider an important price point. Consider a diagonal call spread to take advantage of currently high yield on a move over $14.25