No Healthcare? Buy a Washer!

• Posted by Greg Harmon
• on October 28th, 2013

What do people do in trying and uncertain times like these when their healthcare plans are being ripped from them, and jobs now come in the’mini’ format to avoid those costly benefits? Well apparently they buy washing machines and dryers. The company reported earnings last week and rocketed higher. But what makes it interesting today is that after that move higher it has held up and consolidated in a narrowing range. The Relative Strength Index (RSI) is holding higher as well and the MACD is rising. This sets up for a continuation higher and a break over 147.50 carries a Measured Move up to 165. The only resistance in the way is the previous high at 151.84. You can participate by buying the stock on the trigger, or as an options alternative consider the November/December 150 Call Calendar, selling the November 150 Call and buying the December 150 Call.

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