Tuesday, May 26, 2009

Avon Products Signals Long Entry

Avon Products (AVP) signals a Long Trade Entry by closing above the 20 day price channel to the upside. Entry at $25.80 with an initial stop limit of $23.84 and a pyramid price at $26.78.

Short Term Option trade: July 27 calls at 0.95 by 1.05
Bull Call Spread trade: Buy July 26 call, Sell July 28 call for 0.90

Trade at your own risk with proper position sizing and risk management measures.

1 comment:

Paul Auen said...

Update:

Avon Products (AVP) closes above the pyramid price signaling a new bullish trade.

Stock Price at 27.32 (up 6%)
Prices for ST Option Trade: July 27 calls at 1.55 by 1.65 (up 57%)
Prices for Bull Call Spread: July 26/28 Calls for 1.50 (up 66%)

New Entry trade at 27.32 with a new stop limit of $25.30 and a pyramid price of $28.33

Short Term option trade: July 30 calls at .40 by .45