Morning chart- DG breaking triangle!

Gary Kwapik

By Gary Kwapik — Author

Hello Everyone,

DG is breaking a large triangle pattern. A squeeze breakout is also in play here. A low ADX starting to curl up with a +DI confirm.

A low IV would suggest a call debit spread tor reduce cost basis of long option or a longer dated call option in lieu of stock.

A call diagonal to act like a poor mans covered call may be looked at too.

Included is a point and figure chart , 3 box reversal suggests a possible triple top breakout past the 72 area with a possible 82 objective.

Earnings are March 12th.

Tickers: DG

Posted to Stock & Option Scout on Feb 23, 2015 — 9:02 AM

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

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