Buy Alert: August 29, 2014

| August 29, 2014

Buy Alert:  August 29, 2014

 

Trade Details

Buy Splunk (SPLK) October 18th 60 Calls for $1.70 or better

 

Why?

Splunk develops software that helps businesses analyze Internet data. It’s one of the first “big data” companies to go public. As such, it’s something of a cult stock which can’t be judged by its valuation alone.

In fact, given SPLK’s blowout earnings and improved outlook, it’s easy to argue this stock is undervalued. The company signed more than 500 new customers last quarter alone. It’s no wonder the company raised guidance significantly.

I believe the stock is going to make a run at the 200-day moving average or even higher. Let’s grab the October 60 calls.

 

 Recent Activity

Splunk

 

Category: OTW Buy Alerts