Monday, November 9, 2009

CTRP EARNINGS PLAY

CTRP earnings are Wed AH. It has been up 20% since last week. RSI is at 64 right now. If it rallies tomorrow and wed due to PCLN effect, it will be overbought going into earnings. I hope it rallies to 67-68 to form a double top.

CLICK HERE FOR CHART

This is from Yahoo finance-

PRICE TARGET SUMMARY
Mean Target:60.51
Median Target:63.00
High Target:70.00
Low Target:46.00
No. of Brokers:13


STRATEGY: I am planning to do 70-75% put spread and 25-30% call spread.

Actual trade will be posted on Wed between 3-4 PM

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