Some of you have asked for some good swing stocks –
CCXI – it has held the gap up from 10/8, and then you have a nice double bottom 10/27-10/28 from where it begins to climbs. Today is breached the downward sloping trendline to the upside and is showing strength against SPY.
The stock has earnings on 11/9 meaning the options while a bit pricey will hold their value. I recommend the 11/19 expiration date, at the 35 strike for around $4.60.
Make sure you are out of the trade before earnings, do not hold options over earnings.
Best – H.S.
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Disclaimer: This information is only for educational purposes. Do not make any investment decisions based on the information in this article. Do you own due diligence or consult your financial professional before making any investment decision.