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  • Swing Trade Idea – (TDOC) – September 09, 2020

    Sep 09, 2020 Swing Options Tips Comments Off on Swing Trade Idea – (TDOC) – September 09, 2020

    Our bullish trade for Wednesday, September 9th is TelaDoc Health Inc (TDOC). TDOC is part of the Healthcare Sector (XLV). XLV has experienced a 2.3% loss in the last month and its 6M trend turned neutral on September 8th.

    TDOC’s 1M trend turned bearish on September 3rd and has recently pulled back to an area of support and rebounded with strong momentum with more upside expected. With a technical score of 9 (out of 10), TDOC is a very strong stock that will likely move higher. 

    As a stop loss, if TDOC were to trade below $177 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 $19.80.

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