That would be the trade to catch the rolls, and then try to position in, like MOlly did with Ross Stores, on the rally into the split. I just read an article about EL and it's doing very well.
Monday, January 2, 2012
EL Stock Split
Estee Lauder is doing a 2:1 stock split on Jan 12th. Look at the chart below. It's a perfect stock split chart. See how it ran up on the announcement. Then it formed a bit of a rolling pattern, with an upward bias. It looks good around $108 to $110 to buy a call.
That would be the trade to catch the rolls, and then try to position in, like MOlly did with Ross Stores, on the rally into the split. I just read an article about EL and it's doing very well.
That would be the trade to catch the rolls, and then try to position in, like MOlly did with Ross Stores, on the rally into the split. I just read an article about EL and it's doing very well.
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