Panjang
RTN - Oversold, expect bounce off $210 support level
The bullish DailyPlay we chose for Friday April 27th is Raytheon (RTN). RTN is part of the Industrial Sector (XLI). Over the last month, XLI has experienced a 0.18% move lower and its 1m/6m trend has turned bearish on 4/24 but recently bounced higher off its $73 support level.
Raytheon's 1m and 6m trends turned bearish and neutral on 4/24 but recently has been oversold and bounced higher off its $210 support level. With a technical score of 8 (out of 10), RTN is a strong bullish stock that will likely bounce higher.
Trade Idea: RTN Jun 15 210/230 Call Vertical @ $660 - app.optionsplay.com/
Cost: $660
Max Reward: $1,340
Max Risk: $660
POP: 36.08%
Breakeven: $216.60
As a stop loss, if RTN was to trade below $210 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
Raytheon's 1m and 6m trends turned bearish and neutral on 4/24 but recently has been oversold and bounced higher off its $210 support level. With a technical score of 8 (out of 10), RTN is a strong bullish stock that will likely bounce higher.
Trade Idea: RTN Jun 15 210/230 Call Vertical @ $660 - app.optionsplay.com/
Cost: $660
Max Reward: $1,340
Max Risk: $660
POP: 36.08%
Breakeven: $216.60
As a stop loss, if RTN was to trade below $210 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.