Options Trading News

April 29, 2013  Mon 7:28 AM CT

Bayer Acquires Birth Control Maker

Conceptus agreed to a $1.1 billion takeover at the hands of Germany's Bayer. That's a decent premium for the birth-control company, which hit a new all-time high last week, and CPTS is up 20 percent before the bell on my tradeMONSTER platform.

Sina Rallies on Alibaba Deal

Chinese social-media stock Sina announced it had struck a deal to collaborate with e-commerce giant Alibaba. The deal is expected to help monetize the Weibo service, driving SINA higher by 14 percent in early trading.

Walt Disney Raised to 'Buy' at UBS

Walt Disney was upgraded to "buy" from "neutral" by UBS, which predicted earnings will keep improving for the next year. DIS rose more than 1 percent in the premarket.
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The art of trading

As I stated in last week's article, a break out or a break down needs to have a couple things happen before it is considered a confirmed break out or break down. The only problem is that in today's market where things move much more quicker than they did just a few years ago, two days could wind up being the majority of the expected movement, if not the whole movement.

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