Blue Horseshoe Stocks: Potential Gap-Fillers & More

Hyatt Hotels Corp. H – Options Idea

We’re going to kick this week off by taking a look at Hyatt Hotels. This is a stock with a relatively predictable and volatile trading pattern. As you can see on the chart, H is coming down off of a quadruple-top formation, with indicators suggesting a significant bearish swing could occur at any time.

We want to designate a pair of contracts in the H options chain to track over the next week or two to coincide with this assumption. We’re going to slate the H 06/15 $85 & $80 Puts for observation as we kick off this fresh trading week.


Potential Gap-Fillers

We are going to flag Vista Outdoor, Inc. VSTO and Harbinger Group, Inc. HRG for technical reasons as well today, with each stock boasting a highly similar setup.

If you notice the side-by-side view of the charts below, both stocks have been working their way up off of a bottom, with a huge gap on the chart to the upside just waiting to be filled. We see these setups often, and in both cases here, the chances for a gap-fill appear greater than average.


Extended Watchlist:
MU, DDE, TRXC, MBFI

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