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  • Swing Trade Idea – (FB) – June 25, 2020

    Jun 25, 2020 Swing Options Tips Comments Off on Swing Trade Idea – (FB) – June 25, 2020

    Our bullish trade for Thursday, June 25th is FB (Facebook Inc). FB is part of the Communications Sector (XLC). XLC has experienced a 1.5% gain in the last month and its 1M trend turned neutral on June 24th.

    FB’s 1M and 6M trend turned bullish on June 12th and has been ranging the past few weeks to provide a good credit spread trade. With a technical score of 9 (out of 10), FB is a very strong stock that will likely move higher. 

    As a stop loss, if FB were to trade below $220.00 for multiple days, this would invalidate our analysis and we would focus on cutting losses on the trade. We would also consider cutting losses on this options trade if the value of the vertical spread moves above $9.40.

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