NEW DIRECTIONAL CALL PLAYS
Medidata Solutions - MDSO - close: 80.51 change: +1.45
Stop Loss: 78.75
Current Option Gain/Loss: Unopened
Time Frame: 3 to 4 weeks
New Positions: Yes, see below
Why We Like It:
MDSO is a cloud-based computing solutions company for the healthcare information and clinical development industry.
The stock shot higher in late April when management raised their earnings guidance. These last few weeks have seen MDSO breakout to new all-time highs. Today the stock found some resistance at the $81.00 level.
I am suggesting a trigger to buy calls at $81.25. If triggered our target is $84.85 but we will plan on exiting positions prior to the next earnings report, which is expected in late July or early August. More aggressive traders may want to aim higher. The Point & Figure chart for MDSO is bullish with a $101 target.
Trigger @ 81.25
- Suggested Positions -
Buy the Aug $85 call (MDSO1317H85) current ask $2.70
Entry on July -- at $---.--
Average Daily Volume = 190 thousand
Listed on July 08, 2013