Author: OptimizedValue

Mastercard stock trades under the ticker MA & closed at $374.39/share on 7/21/2021.

MA stock has recently shown some technical weakness that both long-term investors & short-term traders can take advantage of.

After a ~5.5% gap-down on Monday, MA had a bearish MACD crossover, despite a slight recovery in price yesterday.

MA Stock Price: $374.39

10 Day Moving-Average: $378.39

50 Day Moving-Average: $368.84

200 Day Moving-Average: $352.00

RSI: 50

While Mastercard’s current stock price is in a questionable area, a long-term investor may think to start a position at this level, where they may be able to buy into on-coming weakness as the price level flirts with the 50 Day Moving-Average & is below the 10 Day MA.

Their dividend yield isn’t much of a cushion to protect against further downward motion, but with an RSI of 50 it isn’t unreasonable to think that they will be able to rebound in the nearterm.

Short-term traders may think to take advantage to this recent weakness using options.

The MA 7/30 $375 puts are currently at-the-money with a Delta of -.50, although with a Theta of -.41 it would be wise to be hedged with either some long-term shares & or some matching calls.

From the calls perspective, it may be better worthwhile to buy the slightly more in-the-money $372.50’s to allow for extra wiggle room as the price levels stabilize.

Overall, Mastercard’s stock & options look to provide traders & investors great opportunities & are worth considering a closer look at.

*** I DO NOT OWN SHARES OF MASTERCARD MA STOCK OR OPTIONS ***

Cheesecake Factory stock trades under the ticker CAKE & closed for trading at $62.47/share on 6/8/2021.

CAKE stock has just completed a bullish MACD crossover, along with a price breakout above its 10 Day Moving-Average, which shows that there is still momentum to the upside for their shares.

CAKE Stock Price: $62.47

10 Day Moving-Average: $57.98

50 Day Moving-Average: $58.85

200 Day Moving-Average: $44.31

RSI: 61

While CAKE stock’s volume has been more quiet in 2021 than 2020, they have begun heating up in June again.

Their RSI is showing signs that the climb can continue without venturing too deep into overbought territory, and their 10 Day Moving-Average is about to cross their 50 Day Moving-Average bullishly, which is another good signal for short-term traders.

Cheesecake Factory stock has options, and I am looking at the $60 calls that are currently in the money, as well as some further out $65 calls.

I also like the slightly out-of-the-money puts at $60 as a hedge, as 4% to the downside puts them in the money, while ~4% to the upside puts the $65 calls in the money.

From a long-term investment standpoint it may be worth waiting to buy into them, as their current resistance is just under $66/share, so unless you plan on starting a position now & averaging it down, there appears to be more initial downside than up for the long-haul.

Restaurants as a whole are looking strong from our technical analysis perspective, with BJ’s & Chuy’s Holdings also showing similar strength.

Overall, CAKE stock & options appear to have a great opportunity for short-term traders looking to take advantage of their recent surge in momentum.

*** I DO NOT OWN SHARES OF CAKE STOCK ***

CTS Corporation’s stock trades under the ticker CTS & closed at $38.53/share on 6/7/2021.

CTS has been on a run from the $32/share range since early-mid May, and while they appear from a technical standpoint to be cooling off a bit as they establish a new price range, this gives traders an opportunity for gains on the way up & down for CTS stock.

CTS Stock Price: $38.53

10 Day Moving-Average: $38.34

50 Day Moving-Average: $33.44

200 Day Moving-Average: $30.31

RSI: 66

CTS Corporation’s stock’s RSI is just coming back from being in overbought territory, with what appears to be a bit more steam to blow off in the near-term.

CTS’s MACD just completed a bearish cross, after the price level was stopped around the $39.50 level, and with the stock price about to bearishly cross through the 10 Day Moving-Average the case for CTS puts becomes quite strong.

I am looking at the $40 puts, as their delta of -.76 & gamma of .16 are more appealing than the out-of-the-money $35 puts.

CTS stock’s $35 calls look the best from the upside, although traders can also look for a longer-term entry as the price level begins to stabilize in the $36-37 range.

*** I DO NOT OWN SHARES OF CTS STOCK ***

SilverSun Technologies, Inc. stock trades under the ticker SSNT & closed at $7.18/share on 5/4/2021.

SSNT stock has many favorable technical indicators & has been steadily climbing since mid-September 2020.

SSNT Stock Price: $7.18

10 Day Moving-Average: $6.64

50 Day Moving-Average: $6.82

200 Day Moving-Average: $4.07

RSI: 57

As you can see, SSNT’s 10 Day Moving-Average is approaching the 50 Day MA rapidly, and they just completed a bullish MACD crossover.

This should provide extra room for short-to-midterm growth, as the momentum is there pushing the price higher.

With an RSI just under 57, it appears that SilverSun Technologies Inc.’s stock has plenty more room to run before it enters overbought territory.

SSNT stock does not offer options for traders, however they do offer an annual dividend most years, which should be interesting as the last two were a combined $0.90, which is significant given the share price was in the $3 range when each of the payments were made (Jan & Dec 2020).

While that Dividend Yield is not as consistent as we like, it does provide a nice added bonus should it continue into EOY 2021 & beyond.

If SSNT’s price breaks through $7.22 I will be looking for it to climb up to $7.50, then fighting to go beyond $7.76.

Overall, it appears there is more opportunity for SSNT to grow, and there may be some nice buying opportunities presenting themselves in the coming days.

*** I DO NOT OWN ANY SHARES OF SSNT STOCK ***

Chico’s FAS, Inc. stock trades under the ticker CHS & closed at $3.23/share on 5/3/2021.

CHS stock has recently experienced a bullish MACD crossover, as well as a bullish 10 & 50 Day Moving-Average crossover, making it worth taking a closer look at from a short-term trade perspective.

CHS Stock Price: $3.23

10 Day Moving-Average: $3.00

50 Day Moving-Average: $3.09

200 Day Moving-Average: $1.93

RSI: 56

With CHS stock’s 50 Day Moving-Average just 3% shy of its 10 Day MA, there looks to be more gas in the tank for their price to continue rising.

CHS’s current resistance level is <1% higher than the share price today ($3.25), giving it more room to run in the near-to-mid term.

Chico’s FAS, Inc.’s stock also has options for traders to capitalize on.

The $3 CHS call options look to be the most appealing, as the next highest strike price is $4, which requires another 23%+ price increase in order to become in-the-money.

From a puts perspective, the $4 strike price seems optimal, as it would require a 7%+ drop in share price for CHS stock to be in-the-money.

I’ll be looking at the options outlined above this week, as it appears that CHS stock has a lot of opportunity for short & mid-term traders.

For the mid-term traders & longer-term investors, Chico’s FAS Inc. offers a 3% annual dividend yield, an added bonus that makes their stock even more appealing.

*** I DO NOT OWN ANY SHARES OF CHS STOCK ***

Colfax Corp. stock trades under the ticker CFX & has recently shown technical strength, making it worth taking a closer look at for a short-term trade opportunity.

CFX stock closed at $44.93/share on 4/19/2021, and they just completed a bullish MACD crossover.

CFX Stock Price: $44.93

10 Day Moving-Average: $43.94

50 Day Moving-Average: $44.43

200 Day Moving-Average: $36.57

RSI: 53

With their average RSI & MACD crossover, there appears to be more room for upward growth & momentum, especially given the close proximity of the 10 Day & 50 Day Moving-Averages.

Their volume is relatively close to average recently, with the exception of a couple of higher volume bad days in March 2021.

I’ll be eyeing the $45 strike calls & puts, as $45.43 is the first test point for resistance, which will also account for any potential macro-market conditions that may adversely impact CFX’s growth.

My only concern is that there is a low amount of open interest on these options (45 calls, 35 puts), but their volume has been more active than their open interest recently.

All-in-all there appears to be great opportunities here for a short-term trade, making CFX a name all traders should be keeping an eye on.

*** I DO NOT OWN SHARES OF CFX STOCK ***

Phillips 66 Partners LP stock trades under the ticker PSXP & has recently shown technical strength, making it worth considering for a short-term trade opportunity.

PSXP stock closed for trading at $30.05/share on 4/7/2021, as its MACD formed a bearish crossover.

PSXP Stock Price: $30.05

10 Day Moving-Average: $30.95

50 Day Moving-Average: $28.37

200 Day Moving-Average: $26.50

RSI:49.8

PSXP’s stock has recently slid, putting its price slightly below the 10 Day Moving-Average, but its volume has increased dramatically in the past few days.

From an options perspective, I am looking at the $30 calls & puts, keeping an eye out for the $30.50 & $28.50 levels in price.

Phillips 66 Partners LP stock also offers an 11.65% dividend yield for its common shares, which also may be appealing to longer-term oriented investors.

Overall, PSXP looks to have many advantages for short-term traders & long-term investors alike, and is worth taking a closer look at.

*** I DO NOT OWN SHARES OF PSXP STOCK ***

Everi Holdings Inc. stock trades under the ticker EVRI closed at $14.72 on 4/6/2021. EVRI stock has recently shown some signs of technical strength, making it worth taking a closer look at for a short-term trade opportunity.

EVRI just experienced a bullish MACD crossover, and its low-prices have been on a steady uptrend for the last few months.

EVRI Stock Price: $14.72

10 Day Moving-Average: $14.17

50 Day Moving-Average: $14.52

200 Day Moving-Average: $10.48

RSI: 52

With an average RSI reading & their recent MACD crossover, there looks to be some upside potential in the near-term for Everi Holdings Inc.’s stock & options.

EVRI’s $15 strike call options are just about at-the-money, making that level the one I am currently eyeing for both calls & puts.

Selling the $17.50 strike calls that expire May 21 may also be profitable, as to become in-the-money they would have a month and a half to jump 18%+.

All-in-all, there appears to be some great opportunities for traders to take advantage of EVRI stock & options.

*** I DO NOT OWN SHARES OF EVRI STOCK ***

Cohu, Inc. stock trades under the ticker COHU & closed at $46.68/share on 3/16/21.

COHU’s stock has recently shown technical strength, with a MACD bullish crossover & their price breaking the 50 Day Moving-Average, making their stock & options appealing to short-term traders.

COHU Stock Price: $46.68

10 Day Moving-Average: $41.57

50 Day Moving-Average: $44.56

200 Day Moving-Average: $27.30

RSI: 58

From an options perspective, I would be focused on the $45 level puts & calls from a long positioning standpoint, while eyeing selling the $50 calls, as they would require a 10% gain before 3/19 to be in-the-money.

The $47.66 level will be interesting to watch how COHU’s price reacts, as if they can pass through there, the $51 will be the next level of resistance, putting the $50 calls in-the-money, which would be possible for the 4/16 expiration date.

Overall, COHU stock & options seem to have a few interesting possibilities for short-term traders.

*** I DO NOT OWN SHARES OF COHU STOCK ***

Southern Co. stock trades under the ticker SO & has recently shown some technical strength, making it worth looking at for a short term trade.

SO stock closed at $59.61 on 3/8/21, after gapping up & crossing it’s 50 Day Moving-Average, while also completing a bullish MACD crossover.

SO Stock Price: $59.61

10 Day Moving-Average: $58.03

50 Day Moving-Average: $59.22

200 Day Moving-Average: $56.16

RSI: 55.6

SO Stock looks ready to move higher, with yesterday’s movement coming off of some of the highest volume their shares have had in months.

If they reach $60, I’ll be keeping an eye on the $60.88 level as in the last quarter there has been resistance around $61.

I’ll be looking at the $59.50 calls & puts with Friday expiration (3/12), as the overall market conditions are a bit ambiguous, with most eyes on tomorrow’s CPI numbers.

*** I DO NOT OWN SHARES OF SO STOCK ***