DECK Topped Out

By July 24, 2012 Chart Analysis No Comments

DECK Topped Out

One week back DECK had formed bottom at $43 level and was expected to run up to $49 level. Members were sent alert to buy Aug 47.5 Calls for $3.4 and then later we sold it for $3.90. When DECK reached $50 level it looks like it topped out. On July 19th, alerts was sent to buy Sept 47.50 Puts for $5.00. It was expected that DECK would fall back to $43-$44 level. Today it did exactly as predicted. It gapped down and members locked gains of 30 percent. DECK earnings is coming up and the way it is behaving it could fall towards $38.

Chart shown.


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