Currently, I see three stocks with increased buying pressure that are presenting great trading opportunities.
The pattern these three stocks are all in is called an ascending triangle, which is a bullish biased pattern that is characterized by a series of at least two higher lows, along with a series of at least two highs that top out or find resistance around the same price.
Take a look at each of the charts below, and I’ll tell you the best call options to take advantage of these bullish patterns.
Tetra Tech (TTEK)
Tetra Tech (TTEK) is breaking out to new all-time highs.
Buy the TTEK Dec 35 Calls (TQILG) for $1.50 or less with a target of $4 or higher.
Cerner Corp. (CERN)
Cerner Corp. (CERN) is breaking out to new all-time highs.
Buy the CERN Dec 75 Calls (CQNLO) for $2.50 or less with a target of $6 or higher.
Express Scripts (ESRX)
I fully anticipate Express Scripts (ESRX) to break out to new all-time highs in the coming weeks.
Buy the ESRX Jan 80 Calls (XTQAP) for $2.50 or less with a target of $6 or higher.
