Weekly Wiretap Pick Of The Week WMT

MAX Trade Potential: 2%

My Trade Plan Details:

• WMTMay 16 $100 calls around $1.50 to $1.75

• Stop: WMT below $95 close or sell by Wednesday close

• Target 1: $102
  
• Target 2: $103 for gap closure
  
• Target 3: $105 for previous high test
  

My Reasoning:

From a charting perspective I am watching a key breakout of a double top at $99s. Over this level and I see range to $105 area with a gap to $103 right before that last high from February. Must hold support is now at the 20 SMA at $95.