Morning chart- XLU Basing!

Gary Kwapik

By Gary Kwapik — Author

Hello Everyone,

XLV basing at upper levels and forming a long ascending triangle.

IV is medium range so buying options or debit spreads may work here.

Watch for breakout , traders can drill down to see stocks included and trade the best setups.

MDT looks like a possible breakout in effect, low IV would also suggest longer call or call debit spreads if you are bullish.

Tickers: XLV MDT

Posted to Stock & Option Scout on Feb 20, 2015 — 9:02 AM

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{[comment.author.username]} {[comment.author.username]} — Marketfy Staff — Maven — Member

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