Amicus Therapeutics (FOLD) Worth a Look

Amicus Therapeutics (FOLD, $10.48, down $0.06)

FOLD January 10 calls (FOLD200117C00010000, $1.15, flat)

Entry Price: $0.70 (11/20/2019)

Exit Target: $1.40

Return: 64%

Stop Target: 95 cents (Stop Limit)

Action: Upper support at $10.50-$10.25 held on the pullback to $10.40. Resistance is at $10.75-$11.

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TWTR Calls Up 81%

Twitter (TWTR, $30.91, down $0.26)

TWTR January 30 calls (TWTR200117C00030000, $1.90, down $0.20)

Entry Price: $1.05 (11/15/2019)

Exit Target: $2.10

Return: 81%

Stop Target: $1.80 (Stop Limit)

Action: Upper support at $30.75-$30.50 held on Friday’s fade to $30.78. Resistance is at $31-$31.25.

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TLT Holds 50-Day MA

The iShares 20+ Year Treasury Bond ETF (TLT) was down for the 2nd-straight session after tapping a low of $139.78. Near-term and upper support at $140.50-$140 was breached and failed to hold. A close below the former and the 50-day moving average would be an ongoing bearish signal with downside risk towards $138.50-$138.

Current resistance from late October remains $141-$141.50.

RSI is in a downtrend with support at 55-50. A move below the latter would signal additional weakness towards 45-40. Resistance is at 60 and the November peak.

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Pfizer (PFE) Call Options Zoom 112% – Chart and Trade

 

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Pfizer (PFE, 38.21, up $0.93)

PFE December 37 calls (PFE191220C00037000, $1.60, up $0.45)

Entry Price: $0.75 (10/21/2019)

Exit Target: $1.50

Return: 112%

Stop Target: $1.40 (Stop Limit)

Action:  Set a Stop Limit at $1.40 to start protecting profits.

Shares zoomed to a high of $38.76 with fresh and lower resistance at $38.75-$39 getting cleared but holding. Fresh support is at $38-$37.75.

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iShares 20+ Year Treasury Bond ETF (TLT) Down 3-Straight

The iShares 20+ Year Treasury Bond ETF (TLT) extended its losing streak to 3-straight sessions following the pullback to $139.71. Prior and upper support from mid-September at $140-$139.50 was breached but held. A close below the latter reopens downside risk towards the $138-$136 area.

Lowered resistance is at $141.50-$142 with additional hurdles at $142.50-$143 and the 50-day moving average

RSI is in a downtrend with support at 40. A close below this level would signal additional weakness towards 35-30 and the mid-September low. Resistance is at 45-50.

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Sector Update from 10-11-19

Materials and Industrial were the strongest sectors after jumping 1.9% while Technology and Energy rose 1.4%. Utilities and Real Estate were the weakest sectors after giving back 0.4% and 0.3%, respectively.

For the week, the best performing sectors were Materials (1.9%), Industrials (1.6%), Technology (1.3%) and Consumer Discretionary (1.2%). Utilities (-1.3%) and Consumer Staples (-0.9%) were the weakest.