27% profits every 20 days?
This is what Nic Chahine averages with his options 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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TriQuint Semiconductor (NASDAQ: TQNT) - Possible trend reversal taking place. The slow Sto is just turning up while the MACD is also confirming the Sto's signals as it is increasing. I expect to see a good upside move once the stock breaks through resistance now at $5.06
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Arena Pharmaceuticals, Inc. (NASDAQ: ARNA) has been on fire the past few days and it doesn't look like the trend will change soon. The stock hit a new 52-week high of $3.49 during the day, vaulting over its previous high of $3.47 set in March. The technical chart is still showing buy signal with stock trading above 50 day and 200 day moving averages, and with MACD on top of 0 and %K line on top of %D line. ARNA has a lot of upside potential, so watch the stock closely.
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Career Education Corp.(NASDAQ: CECO) - Is on the top of my watch list due to the recent price action, volume and momentum.
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Amazon.com, Inc. (NASDAQ: AMZN) formed an interesting pullback retracement to the rising 13 day SMA, forming a possible Bull Flag in the process suggesting a possible upside swing.
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XOMA Corporation (NASDAQ: XOMA) continues to consolidate, but could make a breakout move soon. The stock is sitting on its 10-day moving average, gaining momentum for an upcoming move. Resistance is $3.17. I expect to see a strong upside move if XOMA can break through this resistance level. Watch the stock closely.
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27% profits every 20 days?
This is what Nic Chahine averages with his options 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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