Shares of ORG have a stable outlook, but are approaching an overbought condition relative to its fundamentals.
A mild Summer combined with reduced weather related events has seen a drop in demand which could act as a headwind to significantly higher share prices.
Our ALGO engine triggered a buy signal for ORG on February 13th at $8.30. Since then, the share price has run into resistance twice at $9.40.
We suggest that investors can look to sell the $9.50 calls to increase cash-flow enhance overall portfolio returns.
Todd has worked in the financial industry for 20 years. During this time, his primary focus has been in the Foreign Exchange, Global Equities and Fixed Income areas. Todd has also served as a Judicial Advocate in several tax cases in the US Federal Court.