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4 Big Stocks to Trade (or Not)

Hertz Global Holdings

Nearest Resistance: $31

Nearest Support: $26.50

Catalyst: Call Option Volume

Shares of car rental firm Hertz Global Holdings (HTZ - Get Report) are up more than 4.7% this afternoon, blasted higher by huge call volume that traded this morning. Hertz August $30 calls saw an 8,000 contract block trade this morning, adding a major bullish bet on the stock that other market participants are piling into in kind.

From a technical standpoint, the move in HTZ isn't completely surprising. Despite a big gap down after the firm's earnings hit earlier this month, the uptrend in shares held for a sixth test of support earlier in the week, making a bounce look likely. The big call buy this morning is just helping shares along.

Now looks like a good time to join buyers. Just keep a protective stop below the 200-day moving average.

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APD $145.87 -0.01%
HTZ $9.04 -2.38%
NOK $5.91 0.68%
PLUG $2.05 -0.49%
AAPL $93.81 0.08%


Chart of I:DJI
DOW 17,891.16 +117.52 0.66%
S&P 500 2,081.43 +16.13 0.78%
NASDAQ 4,817.5940 +42.2360 0.88%

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