WDC Breaking Out + Two Biotech Names CLVS, GEVA
WDC broke out today, adding +2.62% to close at $107.8. I think this could test $110 soon. We locked in our profits on Jan calls:
for a nice +32.62% profit.
Biotechs continued to zoom higher. We talked about CLVS in this week's Sector Watch. I think it is still looking good:
CLVS climbed higher on Monday and today. I wouldn't chase it here just yet. But, in a couple of days, we could look at Jan calls.
GEVA
GEVA just had a 3-day breakout! It is looking very strong! It could easily test $90 and go on to $95. If you trade this one, give yourself some time on the options. Try looking at February or March calls.
Good night and HappyTrading! ™
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