Triple_Barrel_Capital

Triple_Barrel_Capital

$MAS Masco Corp - Range breakout this week with close above resistance. Ideal entry is a pullback and successful retest of support near $60. Medium term target - $75 possible by August (~25% return) Note: This is NOT investment advice. Educational only.

Triple_Barrel_Capital Updated 

$DHI D.R. Horton, Inc. - Long Term Bull Flag Breakout & Retest Unusual Options Activity 10k August $77.50 calls bought today for $9.4M (81x open interest) Medium term target: $100-$110 range by August Note - This is NOT investment advice.

Triple_Barrel_Capital

$Z Zillow bounced today near the ~$151 support level, forming a possible bullish hammer candle. Monitor for a break above today's high ~$163 for confirmation. Unusual Options Activity Today 1k May $165 strike calls traded for $2M Near term target: ~$181 (Feb 22 gap-fill) - $200 possible by late March

Triple_Barrel_Capital Updated 

$GS Goldman Sachs - Found support at the March 2018 high mark just above $271. This appears to be holding as support. Unusual options activity today -$1.0M in 2/5/21 $280 strike OTM calls bought (7x OI) Medium term target - $330 possible by early March Note: This is NOT investment advice.

Triple_Barrel_Capital Updated 

$KEX Kirby Corp Big breakout today above recent resistance - once above $65 the move to $75 looks unobstructed. 🚨Unusual Options Activity🚨 14k April $75 calls bought today for $2.4M (95x open interest) Near term target: $75.00

Triple_Barrel_Capital

$JKS JinkoSolar - Looking oversold at the bottom of the recent range, looking for a near term bounce to the $60-$65 range, possibly higher. Note: Earnings approaching early March. This is NOT investment advice.

Triple_Barrel_Capital

$TRIP Tripadvisor Inc - Rounding Bottom/Unusual Options Activity 18k February $28 calls traded today for $11.7M (101x open interest) Monitor for a breakthrough $36.00 resistance. Near term target: $40-$41 range (Nov'19 gap-fill) NOTE: This is NOT investment advice.

Triple_Barrel_Capital

$DD DuPont - Overbought at $85 resistance. Volume declining. Expect mean reversion to take hold shortly. Near Term Target: $72-$76 range NOTE: This is NOT investment advice.

Triple_Barrel_Capital

$QRVO Qorvo Breaking out - Look for a close over $170 today for confirmation. Near term target: $190-$200 range ER coming early February Note: This is NOT investment advice.

Triple_Barrel_Capital

$MDLZ Mondelez Int - Breakout Coming Monitor for a close over $59.00 Unusual (near term) bullish options activity today: $18M of in-the-money 1/15/21 calls traded Medium term target: $68-$70 range by late March (low beta 0.6)

Triple_Barrel_Capital

$RKT Finding Support, Possible Ascending Triangle Look for a green candle on the daily chart tomorrow for confirmation. Near term target: $22-$24 range by mid January NOTE: This is NOT investment advice.

Triple_Barrel_Capital

$HCAT Health Catalyst - Ascending Triangle Breakout. Monitor for a close today above $37 for confirmation. Near term target: $41.00 Note: This is NOT investment advice.

Triple_Barrel_Capital

FedEx nearing a breakout. Monitor for a close above ~$293.50. Bullish unusual options activity: $1.2M of 12/4 OTM calls traded yesterday Strikes ranging from $290-$305 Also ShopRunner acquisition news today might be the catalyst needed to break through the $300 level. Target: $340-$350 range possible by early January *Keep in mind there's an earnings release...

Triple_Barrel_Capital

$AMD Broke out of a nice double bottom base yesterday through ~$88 resistance. It's possible that level gets tested as support later this week. Expecting to see further strength near term, with a break out to fresh all-time highs. Once we get a close >$100, expect a swift move to $110+. Bullish Options Flow Yesterday: - $9.8M deep ITM $75.00 strike 12/11 calls...

Triple_Barrel_Capital

$EL Estee Lauder looking over-extended recently. Expecting to see some mean reversion in the near term. Bearish Options Activity Today: Short Call Sale of $250/$270 strike January calls for $3.4M Near term target: $240 ($220 possible by Feb) Note: This is NOT investment advice.

Triple_Barrel_Capital

$LUV Southwest Airlines - Ascending Triangle Monitor for a close today above $42.50 for confirmation. Near term target - $48 by mid-November Note: This is NOT investment advice.

Triple_Barrel_Capital

$W Wayfair - Held support at the lower trendline today. High probability of a near term bounce from this level. Earnings upcoming early November. Near term target - $300 (If/when it breaks through the upper trendline, we could see $325 quickly - obviously dependent on earnings reaction) Note: This is NOT investment advice.

Triple_Barrel_Capital

$OSTK Overstock.com at a possible buy point today finding support around $67. Green candle tomorrow should be confirmation. Earnings upcoming next week. Reported a great quarter back in July and the stock proceeded to more than double in 2-3 weeks. Not saying that's going to happen again, post-earnings reactions can always go either way but I am bullish. Near...