Buy Alert: April 22, 2016

| April 22, 2016

Buy Alert:  April 22, 2016

 

Trade Details

Buy Western Digital (WDC) May 20th 46.50 Calls for $1.45 or better (lower)

 

Why?

WDC is a major player in data storage devices that’s had a rough year up to this point.  Now, the stock is looking to break through some major resistance points.  Given the solid fundamentals, the stock could really surge if current technical levels are breached.  Earnings are also coming up next week.

We’re going to buy May calls.  Conservative investors can take profits at $48.  Aggressive investors can hold up to $50.  For risk control, conservative traders should exit at $40, while more aggressive traders can hold down to $38.

 

 Recent Activity

Western Digital

 

Category: OTW Buy Alerts