BY LICIA LESLIE
July 21, 2023
Hey Shoppers,
Zoom Video Communication (Ticker: ZM) has “zoomed” up ten bucks in eight days before its reversal yesterday:
It looks to me like the stock will trade back down to that 50 day average at $67.87 and possibly back to that support level coming in at $64.25.
I’m thinking a put vertical in the Aug04 expiration would be the best idea.
Trade Review
I hope you grabbed those General Mills (Ticker: GIS) calls for a buck because they traded a high of $2.30 yesterday.
GIS looks to me like it still has room to move higher. It may not be too late to hop in.
Thanks for Reading … See You Next Tuesday,
Licia Leslie
Licia Leslie
20 Year Trading Veteran
Director of Technical Analysis
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