Today’s Trade Idea:Buy MPC stock for bucket 2 swing trade
See the full position lineup of our bucket 2 swing trading portfolio HERE
See the full position lineup of our bucket 3 investment portfolios HERE
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Buy MPC stock for bucket 2 swing trade
Slowly more energy stocks are turning from bearish trend to neutral (and some now even to bullish trend) on the Market Rover
Shares of Marathon Petroleum (MPC) have been leading this charge and late last week fired off a fresh T-Signal buy (swing trading signal)
Entry: Buy MPC stock in the $141 – $149.50 area
Target 1: $150 Target 2: $155
Stop loss: A daily close below $140 would be a stop loss signal.
Options trade idea:
Buying the MPC November 17th 2023 145-150 bull call spread. This means to buy the 145 strike call and sell the 150 strike call, all as one spread, i.e. as one trade.
On options positions we work with a 3 week maximum time stop. If the profit target or stop loss has not been reached within 3 weeks, one can then close out of the options trade or roll it out to the next month.
Today’s Trade Idea: Buy MPC stock for bucket 2 swing trade
See the full position lineup of our bucket 2 swing trading portfolio HERE
See the full position lineup of our bucket 3 investment portfolios HERE
Please join the Inner Circle and Market Rover conversation in our members Slack chat room
Buy MPC stock for bucket 2 swing trade
Entry: Buy MPC stock in the $141 – $149.50 area
Target 1: $150 Target 2: $155
Stop loss: A daily close below $140 would be a stop loss signal.
Options trade idea:
Buying the MPC November 17th 2023 145-150 bull call spread. This means to buy the 145 strike call and sell the 150 strike call, all as one spread, i.e. as one trade.
On options positions we work with a 3 week maximum time stop. If the profit target or stop loss has not been reached within 3 weeks, one can then close out of the options trade or roll it out to the next month.
Chart: