CAMARO’s Watchlist for 5/22/13
LULU - Talked about this one last night for potential bull flag break out and today it did pop to new 52w highs but failed to close near the HOD which isnt the worst thing to happen just wouldve been better had it closed closer to highs. Anyway it did show signs of strength today and I think tomorrow and rest of the week LULU will be a good trader as many retail names have been going strong as of late. Would look for entries around 81.15 on a dip or a break of 82.20 tomorrow. I like the 80 strike calls.
AMZN - Was on the weekend watchlist and its still in tact as far as technicals go as it trades above its 8ma and puts in higher lows. I wanna see it break 270 tomorrow with volume. There is pretty high OI on the 275 strike calls and I think we might see those go ITM before friday.
BIIB - I think some of these biotech names could get a bounce tomorrow but BIIB in particular has held up very well as most the sector pulled back. Tomorrow I like BIIB for continuation and for a push into 52w highs. Id look for long entries near 229.50 or on a 234 breakout . The spread on the options can be pretty nasty so make sure you place orders at the bids or in between the bid/ask. Fight for your entries. You could pick the best stocks but if you have bad entries it doesnt matter.
Read the rest of my watchlist here
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