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  • Swing Trade Idea – (JD) – July 17, 2020

    Jul 17, 2020 Swing Options Tips Comments Off on Swing Trade Idea – (JD) – July 17, 2020

    Our bullish trade for Friday, July 17th is JD (JD.Com Inc). JD is part of the Consumer Discretionary Sector (XLY). XLY has experienced a 4.09% gain in the last month and its 1M trend turned bullish on July 1st.

    JD’s 1M and 6M trend turned bullish on May 7th and May 4th respectively. Price has recently pulled back to provide a good long opportunity. With a technical score of 10 (out of 10), JD is a very strong stock that will likely move higher. 

    As a stop loss, if JD were to trade below $57.00 for multiple days, this would invalidate our analysis and we would consider cutting losses on the trade. We would also focus on cutting losses on this options trade if the value of the vertical spread moves above $4.00.

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