Best Idea For The Week Ahead 10/16

Along with my best trade idea for the week ahead, I’m going to include some of the names that came up in my scans as charts to look at for further research. Typically what I do on the weekends is take my scans and overlay them with unusual options flow to try to find a directional setup. I also look at all the ETF’s to see what sectors have relative strength at the moment. Just remember charts tell a story, all the fundamental work you see people doing, if it’s true and relevant, it would show up in a candle showing the buying in a name.

Trade Of The Week

Uptrend in tact, Activist involvement, bullish option flow all combined with a sharp decline on nothing material, this is a great setup.