Bullish Outlook

Selecting the Optimal Call Options
July 10, 2018
Bullish Outlook

Selecting the Optimal Call Options

Martin Noël

As the following chart shows, the price of shares in Rogers Communications Inc. cl. B (RCI.B) has just broken through $63, which has been a major resistance level since April. While there can be no guarantees, this bullish trend could take the stock to another resistance level over the next few months, at around $70.  ...

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1 month ago
Timing the Bottom on BCE
June 12, 2018
Bullish Outlook

Timing the Bottom on BCE

Patrick Ceresna

There is no shortage of analysts offering alternating fundamental outlooks for BCE (TSX:BCE).  Some concerned with the business model and declining growth rates, others proclaiming the BCE dividend stream to be more sound than owning bonds.  Personally, as a trader I look for the tactical play where I can profit from key...

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2 months ago
A Bullish Position to Optimize Risk-Reward
April 25, 2018
Bullish Outlook

A Bullish Position to Optimize Risk-Reward

Martin Noël

As the following graph shows, shares in Royal Bank of Canada (RY) veered into correction territory after peaking at $108.52 on January 22, 2018. At the current price of $97.98, the security is down by over 9.7%. With the RSI (Relative Strength Index) indicator on the rise and the stochastic oscillator (%K) indicating that the...

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4 months ago
Writing put options on a support level
March 27, 2018
Bullish Outlook

Writing put options on a support level

Martin Noël

As the following graph shows, the share price of Canadian Imperial Bank of Commerce (CM) has been trending downward since the beginning of 2018. When markets closed on Friday, March 23, CM was trading at $114.07. But as we can see, a price range of $112 to $114 has represented a support level from which prices surged twice....

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5 months ago
Writing Put Options to Profit from Higher Prices for Shares of Premium Brands Holdings Corporation
January 31, 2018
Bullish Outlook

Writing Put Options to Profit from Higher Prices for Shares of Premium Brands Holdings Corporation

Martin Noël

As the following graph shows, the share price of Premium Brands Holdings Corporation (PBH) has been on a bullish trend, with some more or less large corrections since reaching a plateau in the spring of 2017. Until we see evidence to the contrary, we should assume that this trend will continue for a while. Daily chart as at...

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7 months ago
Have the Tides Turned for the Troubled Goldcorp?
January 23, 2018
Bullish Outlook

Have the Tides Turned for the Troubled Goldcorp?

Patrick Ceresna

The last few years have been a struggle for Goldcorp investors.  The company has been overshadowed by declines in earnings, falling gold production and increased costs.  Many investors have abandoned the stock for other gold miners with more momentum.  Yet there are a number of green shoots that suggest the management is...

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7 months ago
Bulling the Market with a Ratio Call Spread
November 29, 2017
Bullish Outlook

Bulling the Market with a Ratio Call Spread

Patrick Ceresna

Investors have had a good run over the last two months as we have seen the Canadian TSX 60 index roar higher 9% from a September low of 877.00 to its highs near 955.00.  The question on everyone’s mind – is it over or is there more room to go?  Is it too late to buy or should an investor wait on the sidelines for a...

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9 months ago
Dollarama: Context on Trading the Stock vs. Options
October 06, 2017
Bullish Outlook

Dollarama: Context on Trading the Stock vs. Options

Patrick Ceresna

Dollarama has been a bright spot in the Canadian markets throughout the last year.  During the first half of the year, the share price has been working considerably higher off its $93.27 52-week low.  Recently investors were rewarded when the company released its 2nd quarter results and subsequently announced plans to buy...

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11 months ago
A Repair Strategy for Loblaws Companies Limited stock
September 28, 2017
Bullish Outlook

A Repair Strategy for Loblaws Companies Limited stock

Martin Noël

Daily graph of L ($67.11 on Tuesday, September 26, 2017) As you can see in the above graph, the price of Loblaws Companies Limited (L) shares fell 18% from a peak of $78.85 on May 8, 2017, and then bottomed out at $64.65 on September 8, 2017. Since then, we have witnessed a tentative rebound that could suggest the worst is...

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11 months ago
Making the most of a potential rebound in shares of Intact Financial Corporation
September 18, 2017
Bullish Outlook

Making the most of a potential rebound in shares of Intact Financial Corporation

Martin Noël

Daily graph of IFC ($100.37 on Wednesday, September 13, 2017)   As you can see in the above graph, the price of shares in Intact Financial Corporation (IFC) fell $3.96 from a peak of $103.03 on September 1, 2017 and then bottomed out at $99.07 on September 12, 2017. We can also see that the RSI indicator (5)  (the...

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11 months ago