BY LICIA LESLIE
November 5, 2023
Hi Shoppers,
Medtronic (Ticker: MDT) has had a nice little run higher.
Friday it closed just over the 21 day moving average but … look at the candle it created:

It could be a doji which may be signaling a change in this little uptrend.
Or it may not.
We need to see what tomorrow’s action brings.
If the stock opens higher and trades there for an hour or more, check out the calls expiring Nov17:

I like the 73 calls for right around a dollar.
Use a close below the 21 day moving average at $72.25 for your stop loss.
Trade Review
Carvana (Ticker: CVNA) started out lower on Friday morning until it revisited that old resistance now new support level and then it bounced trading up to $35.
That was up 16%!
Remember a lot of times the stock will revisit that support/resistance level that it had just broken through before continuing in that direction.

To get more trades like this with the exact entry and exit sent to you, become an Option Shopper!
Thanks for Reading … See You Next Tuesday,
Licia Leslie
Licia Leslie
Head of Technical Analysis
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