ITCI trade ideas
ITCI - Breakout Long from $13.37 to $16.73 & 12.50 Call options ITCI was in our watch list for a while, and now it seems ready to go. Good insider buying from10% owner. We think it has Right now it is testing MA 200 resistance & it if can break above it can go much higher.
On the option side we would consider August $12.50 calls @ $1.50 and November $15.00 calls @ $1.20
* Trade Criteria *
Date First Found- July 20, 2017
Pattern/Why- Breakout Long trade
Entry Target Criteria- Break of $13.37
Exit Target Criteria- $16.73
Stop Loss Criteria- $11.6
Please check back for Trade updates. (Note: Trade update is little delayed here.)
A breakout ready to hapend?Three cups, decreasing triangle. Keep on watch for a breakout on earnings
