Cooper-Standard Holdings Inc. CPS Stock Analysis

Cooper-Standard Holdings Inc. stock trades under the ticker CPS, & had a sizable gap up on 11/6/2020.

CPS shares closed at $32.32 on 11/9/2020, as they continue to climb following that strong day of technical performance.

CPS stock has options, which I would be interested in looking at the $30 calls, as the next level up is a $35 strike price (I am looking at the 11/20/2020 expiration).

From a puts perspective, I would likely go with the inverse & purchase the $35 puts, as their delta is almost twice that of the $30 put options.

Cooper-Standard Holdings Inc. CPS Stock Technical Performance For The Past Year

CPS Stock Price: $32.32

10 Day Moving-Average: $18.13

50 Day Moving-Average: $16.10

200 Day Moving-Average: $14.73

RSI: 84

I will be looking at their options today, likely favoring the puts, while the RSI simmers down & a new range begins to be established, but that will all depend on how they open.

Looking at the spreads between moving-averages & Cooper-Standard Holdings Inc.’s stock price, there looks to be great opportunity for short-term traders in CPS.

For those who work more with common shares, I would be waiting to see how the price tapers off before finding my entry point, as the price is 78% higher than the 10 day moving-average.