Titan International, Inc. stock trades under the ticker TWI & has recently shown technical strength, making it a prime candidate for a short-term trade.
TWI stock closed for trading at $4.99/share on 11/10/2020, putting them at-the-money for their $5 calls & puts.
After a big day on 11/9/2020, their price has outpaced their moving-averages, and their 10 day moving-average just recently crossed the 50 day moving-average, a bullish sign.
In terms of their options, I don’t see much action outside of the $5 range, as the closest other strike prices are $2.50 & $7.50, which are a pretty steep ways away from one another.
TWI Stock Price: $4.99
10 Day Moving-Average: $3.14
50 Day Moving-Average: $2.99
200 Day Moving-Average: $2.04
RSI: 82
With all of this in mind, it seems like there should be opportunity for short-term trading profits from the $5 strike price calls and puts for TWI stock.
*** I DO NOT OWN SHARES OF TWI STOCK ***