By Licia Leslie
October 6, 2024
Hi Shoppers,
RTX Corporation (Ticker: RTX) has been following my pitchfork very nicely:
The stock has been in a nice rally and is currently taking a breather or bull flagging before it takes its next leg higher.
That will take the stock up to $130 and higher.
Looking at the options, I like the October18 expiration:
The 125/130 call vertical, that is buying the 125 calls and selling the 130 calls, for around $1.40-$1.50 is a good spread.
With the stock trading up to $130, this spread will trade $2.50- $3.00.
Use a close below $123.50 as your stop loss.
Trade Review
Halliburton (Ticker: HAL) still looking bullish. I like it to $32.90.
Thank You for Reading … See You Next Tuesday,
Licia Leslie
Licia Leslie
Head of Technical Analysis
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