I like this price action and if it were an Apple or Goog I’d be serious about this trade. But Radio Shack has proven one thing, it likes to do nothing and just grind down lower with the occasional “let’s drop 30%” game.
But it’s been consolidating for a long time now so it maybe ripe for a pop.
I bought some April 3 Calls for 0.11
I’ve set my alerts to trigger if the stock trades above $3. Now I can just let it do it’s thing and forget about it.
If there is a hint of any kind of buyout or merger, this stock will probably rocket. Here’s the weekly chart, looks tasty.
Will Radio Shack disappoint as it usually does or will it finally get it’s act together?
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