Monday, April 9, 2012

$DNDN chart and setup

if you are trading this, would look for a break out of the recent trading go long at about 10.75.. use a 3% stop. if you are looking to add this as a longer term position, earnings are in early may. would look at selling the may 9 puts for about .75cents...gets you in at 8.25 if it drops if it stays above 9 at may opex you keep that .75.