DE falling into undervalued territory / Favorable Earnings LONG

DE on the 4H chart is now setup for a long trade. It is now positioned just above a long term

anchored VWAP to which a stop loss can be set just below @ 390. DE was falling before

favorable earnings and has not yet reversed. I see this as an opportunity to trade an

industrial blue chip taking entry well below fair value and so a bargain.


I will get a mixture of a handfulof stock shares and a single option 4 months to expiration. The

target is selected to be 445 at the upper Bollinger bands confluent with the second deviation

line of the anchored VWAP. This is about 13% upside- while the option's profit potential is

substantially higher. If you would like to know the details of the call option leave a comment. (

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