Chart Courtesy of StockCharts.com

googl2015

 

$GOOGL has broken out above the 200 day. This is a viable option to buy with correct position sizing with a stop loss placed at a close below the 200 day. Options in $GOOGL are also liquid, giving the trader a way to cap their risks at only the cost of the contract. This is a rare opportunity in $GOOGL: a momentum buy signal after a long sell off and trading range.