Square (SQ) - Options Traders Load Square Calls After Chart Breaks Bullish
Square Inc’s (NYSE:SQ) stock lost over 32% of its value between Feb. 16 and March 5 following a consolidation period on the Nasdaq 100. Since hitting a temporary bottom of $191.68, Square’s stock also eased into a consolidation pattern and on Tuesday broke bullish. On Wednesday morning, option traders saw signs of bullish follow-through on the chart and bought a large amount of call sweeps. Barclays also maintained and Overweight rating on Square Wednesday and raised its price target from $320 to $330. The Square Chart Signals: Although Square’s stock has been trading in a bearish de...
Source: benzinga.com