By Licia Leslie
December 8, 2024
Hi Shoppers,
We had a nice win in Doximity (Ticker: DOCS) and I think the stock will trade higher.
It has cleared its most recent highs and has an 80% chance of trading to the top of the channel.
Check it out:
That would take it to $61.59.
Looking at the calls:
I like the Dec20 57.50 calls for around a dollar.
Now I know the stock may not trade $61 by Dec20, but odds are you can double these calls by then.
Use a close below $54.60 as your stop loss.
Thank You for Reading … See You Next Tuesday,
Licia Leslie
Licia Leslie
Head of Technical Analysis
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