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3 Big Conglomerates Looking Strong

Any of these companies merits a closer look for stock or options traders


Each week I use my Power Stocks scanner to find the best stocks for options trading. Conglomerate stocks are looking especially strong right now—these are companies that have exposure to several different areas, which minimizes the company’s risk. The ones that caught my attention this week had all of the qualities I look for in a call option—the potential for a big move up (volatility) based on technicals and past activity in the stock, and good liquidity.

I’ll leave it up to you to decide which strike price and month are appropriate for your trading style, but be sure to give yourself enough time to be right. I’ve also included the support and volatility levels my scanner has detected for these stocks. An average level of volatility in my system is considered 20.

  • ConAgra (CAG) shows support at $35, and as of Friday’s close was trading at $36.58. This stock shows volatility slightly below average at 19.
  • Harsco  (HSC) has slightly higher volatility at 25, and has already accelerated past $23 support with a $25.09 close price
  • Target (TGT) closed Friday at $72.56, above $70 support, but it has fairly low volatility at 13.

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