AI
Thursday, August 14, 2003 12:34:05 AM
SNPS - Potential Breakdown at Resistance...
Just a little breeze of bad news can blow this "perfect" chart back to its lower trendline. SNPS has always been an earnings play of "distinction" for upside, but at this point it might be looking to correct. SNPS can be played intraday utilizing buys off the 20/50 period ma and shorts at key resistance, but closer towards the report a STRANGLE earnings option play should work.
Just a little breeze of bad news can blow this "perfect" chart back to its lower trendline. SNPS has always been an earnings play of "distinction" for upside, but at this point it might be looking to correct. SNPS can be played intraday utilizing buys off the 20/50 period ma and shorts at key resistance, but closer towards the report a STRANGLE earnings option play should work.
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