Buy Alert: January 9, 2015
Buy Alert: January 9, 2015
Trade Details
Buy PNC Financial Services Group (PNC) February 21st 87.50 Calls for $1.95 or better (lower)
Why?
We’ve reached the point where financial companies are beginning to look undervalued, especially money center banks. PNC is a large bank with strong fundamentals across the board. The shares are looking ready for a bounce off the 200-day moving average and could test the 52-week highs in the near future.
We’re going to buy February options. Conservative investors can take profits at $89.50. Aggressive investors can hold up to $92.00. For risk control, conservative traders should exit at $84, while more aggressive traders can hold down to $82.00.
Recent Activity
Category: OTW Buy Alerts
