TopOptionAlert
Oct 26, 4:47 PM
$NCLH NOV20 16C · still actionable
Zone:
$15.15 to
$15.37
Invalidation: close under
$15.10
Objectives:
$16.00, then
$17.00
The math: up 4.9% to the first objective and 11.4% to the second, against 1.0% risk on the invalidation, better than 10 to 1 to the second.
Dear friend, this is a swing, and the picture is simple. Norwegian Cruise Line is holding above the Friday close near
$15.10 while its own third quarter report arrives Thursday morning, and the company already told investors in September that revenue came in stronger than it had forecast. That kind of setup is what I like to watch, because a steady name that is already moving up into its report does not need a wild move to reach
$16.00, and
$17.00 is the next round mark if buyers keep pushing. If the stock closes under
$15.10, the idea is plainly wrong and we step aside.
P.S. Watch
$15.53, the high so far today, because a move over it shows buyers taking charge again.
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