Nice uptrend with a strong support around 48.95 (the base line)
There were big volumes on 11/Aug, 15/Aug, 23/Aug and the GMMA is opening up showing a strong uptrend direction. If price can stay above 9 day line, there should be continuation.
What looked like an evening star reversal candlestick pattern is cancelled by a strong close last night of 29/Sep @ 51.25
Watch the stock.
The call option should be on Jan'12 @ strike 50.00
Disclaimer: This article is for education only and not a proposal, invitation or advice to buy or sell shares.
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