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I have a new trade today on a name that is showing strength after making a nice recovery off of its recent lows. Flextronics (FLEX) is a global supply chain solutions provider based in Singapore. The company designs, builds, ships and serves packaged electronic products for its original equipment manufacturers (OEMs) in various groups.
With extensive experience across virtually all industries, Flex has the unique vision and capabilities to improve speed, efficiency, and cost effectiveness throughout the entire life cycle of a product. The end goal is to bring customers closer to the markets they serve.
On the charts, the stock currently sees technical resistance at the $13-$13.25 area with support below in the $12.75-$12.50 range. I like these call options at current levels. These are the regular monthly options that expire on Aug. 19.
Buy to open the FLEX August 13 calls (FLEX160819C00013000).
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