$FB – B/O today on nice volume over recent consolidation channel. Strong RSI, MACD strong. Consider long entry here with a tight stop and NT tgt of 27.32R.
Disclosure: Considering LONG entry.
$NFLX: Another strong day for NFLX today, which was a FloodCityTrades b/o watch days ago. Technicals still positive for further upside.
Disclosure: StC Jul20 40C 3.99->10.15 for 150%+ profits. May consider entry for further upside.
$SRPT: Weak day for SRPT today, with weak volume. However, big news near EOD with all 42 congressional members supporting the company and objectives. RSI with sharp turn but could reset with strong day tomorrow. Red candle printed today not meeting criteria for hangman/#2 evening star.
Disclosure: LONG Aug20 40C @ 8.5 with stop 10% below.
$MCP: B/O watch play in the Basic Material sector. Closed over 50MA with avg vol. Indicators support upside potential. Consider LT entry above 6.27 NT R with above avg volume. At that point, target 7.38/7.90R before clear skies ahead.
Disclosure: No position at this time. Considering LONG entry with Jul20/Aug20C.
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