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Deutsche Bank - DB - cls: 130.79 chg: +2.40 stop: 124.99

Company Description:
Deutsche Bank is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. (source: company press release or website)

Why We Like It:
Positive comments from Citigroup that the fourth quarter should return to "normal" lifted the financials and sparked a huge wave of short covering across the markets. Shares of DB reacted with a 1.8% gain and a bullish breakout over $130 and its 50-dma. We're suggesting readers buy the breakout over $130. There is potential resistance at the 200-dma near $138.70 so we're targeting a rally into the $138.00-140.00 range. The P&F chart is bullish with a $154 target.

Suggested Options:
We are suggesting the November calls although we plan to exit ahead of the late October earnings report.

BUY CALL NOV 130 DB-KF open interest=110 current ask $6.20
BUY CALL NOV 135 DB-KG open interest= 80 current ask $3.80

Picked on October xx at $ xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 10/31/07 (unconfirmed)
Average Daily Volume = 633 thousand
 

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