0JRJ trade ideas
Option traders see considerable upside in Knowles CorpKnowles Corp saw options trading volume of 5,944 contracts, representing approximately 594,400 underlying shares or approximately 83.1% of KN's average daily trading volume over the past month, of 715,450 shares. Especially high volume was seen for the $20 strike call option expiring September 20, 2019, with 5,906 contracts trading so far today, representing approximately 590,600 underlying shares of KN.
COMPANY PROFILE
Knowles Corp. supplies advanced micro-acoustic, audio processing, and precision device solutions. It operates through Audio and Precision Devices segments. The Audio segment includes analog and digital micro-electro-mechanical systems microphones, electret condenser microphones, smart microphones, ultrasonic sensors, acoustic processors, and balanced armature speakers. The Precision Devices segment offers multi-layer ceramic capacitors, electromagnetic interference filters, high reliability capacitors, single layer capacitors, precision variable capacitors, and thin film devices across diverse end markets, such as industrial, defense, aerospace, medical, and telecommunications markets. The company was founded by Hugh Knowles in 1946 and is headquartered in Itasca, IL.
SHORT KN FROM RESISTANCE IN THE DIRECTION OF THE TRENDENTER 19.15
STOP 19.56
TARGET 9.61
The trade is in the direction of the trend: descending impulse with potential flag pattern.
Nice doji signal at the resistance line promise small stop loss with huge potential gain.
The signal supported with the real resistance flag line & hidden resistance at 23.60%.
It is also supported with RSI14 and Stochastic Bearish Crossover.
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