Looking through some of the gainers from last week, two stocks caught my attention. These two stocks have not performed well in the recent months.
GRPN has not performed well at all this year. But, the stock popped after earnings in October. It took time to consolidate and now it looks like a breakout! There's a gap to fill at $10. March $8 calls are at about $1. If it gets to $10 by March 20th, this play would be a nice double.
Personally, I actually use Groupon and did some online Christmas shopping from the company this year as well. Their return policy is pretty good, and printing return label is very easy. I think this troubled company may be sticking around.
Cloud services are becoming more and more prevalent. It is the future. AKAM popped early in the year and really has not gone anywhere since. However, I think this breakout could be for really, provided that the overall market condition stays bullish. AKAM has gone quite far in the past couple of weeks. I don't think there's any hurry to jump in right now. But, I will keep this on my radar. I think if it gets down to below $63, I will look to buy Feb $62.5 calls.
Good night and HappyTrading! ™