Momentum Change

Momentum Change?  Here are a few stocks I think are setting up for a nice move higher over the coming weeks.

$X was a great trade last week.  It gave back a lot of its gains into weeks ends, but its moving higher again to start the week.

Momentum has turned, and from a chart perspective  $22.50 would be the first stop.  A break higher puts $25 into focus.


$MOS - it's been a waiting game.  If you are trading out of the money options, waiting is a killer.  Time is something short term option traders don't have.  We need the move... and we need it now.   The good thing about $MOS is the market doesn't think its going to move.  How do I know that?  Because the options are priced for little movement.

The $23.50 calls are $.07 for this week.  I may go out a few weeks and wait it out.  I think the move is coming, whether the market expects it or not.

Known to most as Uranium Pinto Beans, Jason has more than 15 years under his belt of trading stocks, options and currencies. His expertise primarily lies in chart analysis, and he has a strong eye for undervalued stock. Because he’s got the ability to identify great risk/reward trades he usually enjoys taking the path less traveled and reaping the benefits from the adventure.

He is a co-founder of Option Millionaires, and he is best known for his weekly webinars with Scott, as well as his high level training webinars and charts found in the forums.

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