27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
SmarTrend identified a Downtrend for Corcept Therapeutics (NASDAQ: CORT) on June 30, 2011 at $3.96. In approximately 4 weeks, Corcept Therapeutics has returned 5.8% as of today's recent price of $3.73.
In the past 52 weeks, shares of Corcept Therapeutics have traded between a low of $2.75 and a high of $5.07 and are now at $3.73, which is 36% above that low price.
Corcept Therapeutics is currently below its 50-day moving average of $4.29 and below its 200-day moving average of $4.06. Look for these moving averages to decline to confirm the company's downward momentum.
In the last five trading sessions, the 50-day MA has fallen 0.91% while the 200-day MA has remained constant.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Corcept Therapeutics.
Write to Chip Brian at cbrian@mysmartrend.com
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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.mysmartrend.com
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27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
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