NEW DIRECTIONAL CALL PLAYS
Imperva Inc. - IMPV - close: 59.81 change: +1.86
Stop Loss: 57.90
Current Option Gain/Loss: Unopened
Time Frame: exit prior to March option expiration
New Positions: Yes, see below
Why We Like It:
IMPV is in the technology sector. The company makes security software. The company reported earnings in early February (Feb. 6th) and beat Wall Street's top and bottom line estimates. Management then raised their full year 2014 estimates. The stock soared toward the $60 level. Shares have spent the last week consolidating sideways and digesting its gains.
IMPV currently looks poised to break out past resistance near $60.00. Today's high was $60.26. I am suggesting a trigger to buy calls at $60.50. If triggered our target is $68.00.
FYI: The Point & Figure chart for IMPV is bullish with a $77.00 target.
Trigger @ 60.50
- Suggested Positions -
buy the MAR $60 call (IMPV1422c65) current ask $3.00
Entry on February -- at $---.--
Average Daily Volume = 264 thousand
Listed on February 18, 2014