NEW DIRECTIONAL CALL PLAYS
Cornerstone OnDemand, Inc. - CSOD - close: 54.60 change: +0.91
Stop Loss: 52.25
Current Option Gain/Loss: Unopened
Time Frame: 3 to 4 weeks
New Positions: Yes, see below
Why We Like It:
CSOD is in the software industry. According to CSOD they are a global leader of cloud-based talent management software solutions with over 12 million users in 190 countries.
The stock has been a consistent performer for the bulls with shares sort of stair-stepping higher. CSOD currently seems to be breaking out of a four-week sideways consolidation above the $50 level. Today's session saw CSOD display relative strength and ignore the market's widespread decline.
The $55.00 level looks like overhead resistance. I am suggesting a trigger to buy calls at $55.25. If triggered our target is $59.50.
Trigger @ 55.25
- Suggested Positions -
Buy the Oct $55 call (CSOD1319j55) current ask $2.25
Entry on September -- at $---.--
Average Daily Volume = 367 thousand
Listed on September 12, 2013