Bullish Pattern Forms in Sports Media Business Leader
TKO Group (TKO) shares of the newly S&P 500 addition are curling higher and closed strong Monday back above its 21 EMA looking poised to reclaim monthly value area for a move over 155 that should run up towards 163-165 short term with potentially a strong rally seeing 175 retest of value highs. TKO has stayed a solid stock this year as its still positve year to date by +7% and has continued to see bullish open interest with a recent buyer of 2400 May $165/$190 call spreads for $4.80. Also a buyer of 1800 July $165/$190 call spreads at $6.45.