The RSI Buy starring Fossil

Part of the Simple Approach series of Blog posts

Here is one way to trade $FOSL for the patient investor: buy the stock whenever the RSI touches the 40 level (30 is oversold). Here is the Daily chart to illustrate:


Once again you have RSI poking at the 40 level so this is a Buy signal. For some Stop and trade recommendations:

1) Long stock here and use the 12/12 low of $118.19 as a Stop

2) Long the Jan/Dec 120 Call Calendar at $2.35 (5.39/3.04)

3) Long the January 120/125 Call Spread at $2.29 (5.39/3.10)


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