Strong break-out candidate with alot going on in a technical sense.
Minimum target is 46 1/2 with a true potential towards $50.
Good stock for an option play, considering the time and price factors.
Take a look at the Feb. 42.5 calls trading at 2.15 by 2.50.
Fair value for the option is 2.36 which is smack in the middle of the bid/ask spread.
Intrinsic value at minimum target of 46 1/2 is $4 or a return of 69.5%.
Intrinsic value at highest probability target of 48 1/2 is $6 or a return of 154%.
RISK CAPITAL ONLY
Monday, January 7, 2008
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