NEW DIRECTIONAL CALL PLAYS
Fiserv, Inc. - FISV - close: 81.21 change: +0.51
Stop Loss: 79.75
Current Option Gain/Loss: Unopened
Time Frame: 3 to 4 weeks
New Positions: Yes, see below
Why We Like It:
FISV is in the financial services technology business dealing with electronic bill payment and other similar services.
The stock is trading near all-time highs. Currently shares are hovering just beneath resistance near $81.50. A breakout could spark the next run higher.
I am suggesting a trigger to buy calls at $81.60. If triggered our target is $88.00 but we will plan on exiting positions prior to FISV's next earnings report (due in late January or early February).
FYI: The Point & Figure chart for FISV is bullish with a $93 target.
Trigger @ 81.60
- Suggested Positions -
buy the Feb $80 call (FISV1316B80) current ask $2.75
Entry on January xx at $ xx.xx
Average Daily Volume = 864 thousand
Listed on January 07, 2012