Maxar Technologies, Inc. MAXR – Review
Despite what appears to be a significant downturn looming this morning, the markets as a whole posted a solid bullish session on Friday, and that helped one stock we’ve been tracking in recent weeks to record a new high for us.
We tagged MAXR for observation in mid-March, and before the end of the month, it had consolidated down to a low of 3.83. The month of April brought a fairly steady uptrend, and Friday’s strong performance kicked it up another notch. The stock hit a new high of 6.66, marking a move of 74% in just over six weeks. The stock filled almost the entire topside gap that was on the chart, and the RSI has just cracked into the Power Zone, so we’ll want to continue to keep an eye on its activity.
Sysco Corp. SYY – Options Idea
Despite continued China trade tensions throwing a wrench into the markets to start the week today, we are going to be looking a little further ahead with an options idea relating to the imminent golden cross on the SYY chart, combined with the company’s earnings beat posted this morning in the premarket.
The food wholesaler has a chance to break a double top, and we’re going to be ready with an options idea in the event that it manages to do so. Our highlighted targets are going to be the SYY 06/14 $69.50-71 Calls.
Friday SPY Update: We signaled interest in the SPDR S&P500 ETF (SPY) Weekly $292.50 Calls on Friday morning, and those contracts traded up from a low of .53 to 1.76, which represented a single-session move of 232%
Special Note: Our extended watchlist today contains more penny stocks than usual. The OTC tends to heat up when uncertainty strikes the larger markets. We’ll have an eye peeled for interesting activity on that front.
ZIXI, NAFS, TMGI, TTCM, DAVC, SNYR, CTRV, RMTI, HEB