Tuniu Corporation stock has recently shown great technical growth & performance, trading under the ticker TOUR.
TOUR stock closed at $3.19/share on 11/27/20, preparing to close out November as a very strong month.
TOUR has options, in addition to common shares, making opportunities for all types of traders to profit from their stock performance.
TOUR Stock Price: $3.19
10 Day Moving-Average: $2.40
50 Day Moving-Average: $1.36
200 Day Moving-Average: $1.17
RSI: 77
While their RSI of 77 is still high, Tuniu corporation’s stock still looks to have legs to run, as it establishes a new range.
Traders of the common shares should be able to find advantageous entry points this week.
TOUR’s $2.50 calls are already in-the-money, with the $5 strike price being the next level.
Given that in the pre-market they are already beyond last week’s resistance level, the $5 calls aren’t as out of the question anymore, with a delta of .364.
From a puts perspective, I’d be favoring the $5 strike price, at the moment, unless they outperform that $5 mark, in which case the $7.50 puts will become cheaper.
*** I DO NOT OWN SHARES OF TOUR STOCK ***