Gary Kwapik
Marketfy > Gary Kwapik > Morning chart- AN breaks base !

Morning chart- AN breaks base !

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Hello Everyone,

AN, Autonation  Inc broke out of a upper base recently on heavy volume.

All indicators on chart are showing confirmed buys signals, with a loose cup and handle type setup.

Traders can loo kat a stock position or a longer term call option with moderate IV here.

Longer term call debit spread would be something to consider too.

Target if pattern works out would be in the 80 area.

Weekly pattern shows a tighter C and H setup with a nice hammer candle with high volume showing bottom of cup.

Daily chart:

ANN AN

Posted to Stock & Option Scout on Feb 12, 2015 — 9:02 AM
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