Purely Technical Outlook: Based on the price data going back to 1994 if that was the IPO of the company, then it has rising to 2014 high in clear 5 wave impulsive move and could now be making a major retracement of the entire rise. Not particularly sure of the fundamental of the company but its price weakness could be compounded by wider market weakness and it...
I would not even look at bear call spread portion unless we close above 120 on the hourly. 121 is the line in the sand to make a decision. (this spread goes along with the daily moving averages. On the bull put spread portion, I would not even look at spread unless we close below 116.50 on the hourly. 114.83 is line in the sand. I'm basing this spread on volume...