On Dec 23, 1 investor bought 24k (thats 2.5 million dollars), feb 50 , calls, this has gone down about .40 since, not to be taken lightly. This is very, very unusual volume for EMR call, This might be a strong sign of something coming, of news coming on Feb 2, when EMR reports earnings. Nothing was bought to cover this bet. on Jan 6 another 24,332 feb 50's calls...
Big selloff then sideways consolidation shows that sellers have stalled out, brief but unconvincing rally after that leading to a massive selloff leading me to short at 50.02
Pullback
Status: Watching
Cost basis:
Stop:
First price target:
Technicals:
Horizontal S&R: lots of resistance but no clear level
Channel S&R: no
MA S&R: yes
Pearson's R >= 85: yes
Price within Fib Ret..62: yes
Stochastic turn/crossover above 80%: yes
AO pullback >0<1.38: yes
Stochastic also shows minor divergence from 8/25 to 9/4
Fundamentals:
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