Volume Talks Wednesday: A Bullish Biotech Breakout Option Play
Marco Hickey submits:
Today’s breakout report is for Wednesday March 24, 2010. If this is your first time reading one of my breakout reports you’ll want to read the section below, however if you are familiar with my daily breakout report you should skip ahead to the list of stocks.
To reiterate previous blog posts like this, the first thing I do is scan the list for familiar names, such as stocks I am quite familiar with or ones which have appeared on similar scans multiple times in the past week or two (most of these names are unfamiliar so it saves a lot of time). This indicates there may be some real momentum behind the stock, and that it could trade higher/lower in following sessions as well. Then (if and when any of the stocks I find are familiar to me), I make sure the stock has options available to trade, and then take a look at the chart(s) to see if I can structure a potential option trade. The list in this post includes 28 stocks which traded higher on heavier volume, and 19 stocks which traded lower on heavier volume Wednesday March 24, 2010. Many times I find an option strategy I plan on opening if I am convinced some money can be made.
Investing, Long Term Investment, stock market | admin March 24, 2010
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