AI
Friday, March 17, 2017 11:19:13 AM
WDC,
The stock looked pretty strong yesterday when I posted but faded into the close and closed with a doji. It's trading weaker today so I decided it doesn't want to test the old highs of late February and justify a horizontal channel and instead wants to continue along in a declining triangle, so I sold Calls about 45-min ago.
It will be interesting to see how WDC reacts when MU reports earnings next week on the 23rd.
The stock looked pretty strong yesterday when I posted but faded into the close and closed with a doji. It's trading weaker today so I decided it doesn't want to test the old highs of late February and justify a horizontal channel and instead wants to continue along in a declining triangle, so I sold Calls about 45-min ago.
It will be interesting to see how WDC reacts when MU reports earnings next week on the 23rd.
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