DSW Inc. DSW
In terms of things we routinely look for in stocks that we set our sights upon, DSW seems to currently have a lot to offer. It’s a stock that has just registered a new annual low, while rapidly approaching heavily oversold territory according to indicators on the chart.
The company also happens to have released its quarterly earnings this morning, the results of which exceeded expectations as DSW recorded its first same-store sales increases since 2015.
With all these things going for it, it seems only logical for us to formulate an options idea to put on our radars and monitor over the next few weeks. We’re going to have our eye on the DSW 09/15 $17.50 & $20 Calls.
Zion Oil & Gas, Inc. ZN
We’ve spotted a nice chart setup on ZN as well on our routine morning scan today. We’ve pointed that out on the chart below.
The stock had a really nice run back in June that carried it from the 1.40 area up to $7, and after consolidating off of those highs during the past several weeks, it seems to have found support and begun its next up-cycle.
Hypothetically, a return to the highs it saw earlier in the summer, would mean more than a double-bagger from current pricing.
ARCI, F, CLF, MTBC, FALC, WATT