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Stocks Under $10 with 50-100% upside potential - 14 days FREE!

4 Big Stocks to Trade (or Not)

Stocks in this article: PLUG APD HTZ NOK

Hertz Global Holdings


Nearest Resistance: $31

Nearest Support: $26.50

Catalyst: Call Option Volume

Shares of car rental firm Hertz Global Holdings (HTZ) 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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