Today, I have a new trade for you. I recommend adding calls on Baxter International Inc. (NYSE: BAX).

Action to Take: Buy the BAX July 7, 2023 $44 calls at the market price.

Our strategy’s trades are based solely on signals from technical indicators. My analysis behind each trade focuses on these markers in price charts, rather than stock fundamentals or company news. The bottom of the chart shows the Greed Gauge that signaled our trade.

(Click here to view larger image.)

Read our manual here for more info on these orders.

You can use an order to take profits on the position when it delivers a 50% gain or to cut losses in the event the trade doesn’t work. But I am not using those orders with this trade in my account.

I’ll send an alert when it’s time to close our open trades. If you have any questions in the meantime, please don’t hesitate to email us at PrecisionProfits@BanyanHill.com.

Regards,

Michael Carr, CMT, CFTe
Editor, Precision Profits