CAMARO’s Watchlist for 7/10/13
AAPL - Impressive move today not because it closed up over 1.5% but because of where it came from today. AAPL today gave us a huge bullish engulfing candle as it fell this morning down to the 8ma and then reversed on the dime to close well above the 21ma. Not only is today’s candle bullish but the formation its in is bullish, as its working on breaking out above a low level bull flag. Tomorrow I am looking play a 423.50 break and target a move to 430-434 for friday. I think this will give us momo for the rest of the week. If we see a gap down Im probably buying it and looking for a r/g move as long as it holds above the 21ma which is at 418.50 right now
REGN - Very similar chart setup to AAPL except the for the fact this one is in a big uptrend to begin with. But REGN today had a bullish engulfing candle that will hopefully bust us out of this mini flag we are in right now. It closed above its 21ma today and tomorrow we should see that 8ma crossover the 21ma (and for those who dont think that matters, check NFLX GOOG CMG for me) . I will be watchin for a break above todays high for a buy trigger with a 242-243 target. I will use the 250 strike calls. Careful on these options they have large spreads so you really gotta fight for your entries and exits.
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