ATHN is in the process of breaking out of a bull flag after a big move to the upside. 8 dma has been reclaimed after a test of the lower trend line, supported by the cloud as well. I'm looking for a move through swingpoint resistance at $137.87 and promptly back to previous highs at $144.42.
Relative Strength is strong at 89.1
For a short term move I like Jan $140 calls. Calls get exponentially more expensive when looking out to Feb expiration so call spreads are a better alternative and still provide a great risk/reward.
Relative Strength is strong at 89.1
For a short term move I like Jan $140 calls. Calls get exponentially more expensive when looking out to Feb expiration so call spreads are a better alternative and still provide a great risk/reward.