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Breakout Trade in DPZ

Home › Forums › Swing Trades › Breakout Trade in DPZ

  • This topic has 0 replies, 1 voice, and was last updated 12 years, 8 months ago by Steven Place.
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  • September 30, 2013 at 2:49 am #2577
    Steven Place
    Keymaster

    We’re seeing an ascending triangle pattern develop in DPZ:

    dpz-

     

    I like it long on the breakout of 67.77 with a stop on a loss of 67. Because DPZ is a low volatility stock, I would choose an ITM option.

    Buying the Nov 65 call for 4.40 or lower is a good trade. DPZ options are terrible so consider just trading stock for a swing as well.

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