Monday, November 9, 2009

NVDA,SWKS,SBUX

After earning announcement last friday, NVDA and SWKS gapped up and break their downtrend line. With good outlook forecast news, these two stock can go higher. MACD has formed golden cross for bull signal. Stochastic has pointed up and leave oversold level.






SBUX also gapped higher because of earning announcement and made new 52 weeks high. I still believe this stock can go to $25 in less then next 3 months. This stock once in downtrend mode and now should be in uptrend mode because of its fundamental better now.
As usual for playing uptrend, we can buy call option.
For NVDA, we can buy Dec 09 13 call, SWKS Dec 09 12.5 call, SBUX Dec 09 21 call.
Their theta are 0.01, so it is quite small.

Best regards
Snip



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