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  • Swing Trade Idea (KEYS) – August 31, 2023

    Aug 31, 2023 Swing Options Tips Comments Off on Swing Trade Idea (KEYS) – August 31, 2023

    Our bearish trade for Thursday, August 31st is Keysight Technologies, Inc. (KEYS). KEYS is part of the Technology Sector, which has performed at -2.15% over the last month, with KEYS underperforming relative to its sector at -17.69% over the same period.

    KEYS broke below a key level at $155 and is aiming lower, with the next level of support at $140 and then $130. Both the 1M and 6M trends are bearish and it has a Relative Strength od 2 (out of 10), which confirms our bearish bias for this trade. 

    As a close, if KEYS were to trade above $155 for multiple days, this would invalidate our analysis and we will consider cutting losses on the trade. We will also consider cutting losses on this options trade if the value of the vertical spread moves above $3.70.

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