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Emerging Software Leader Offers Nice Risk/Reward for Move Back to New Highs

by | Oct 3, 2021

Bill.com (BILL) shares pulling back to the top of monthly value and forming a narrow bull wedge with a run above $270 setting up for a run to $289.50 VPOC and then $300. The post-earnings consolidation can make a bigger move to $350. MACD and RSI have reset back and starting to turn a bit, so potential to see momentum shift higher and expand. BILL has seen some size accumulate in the November calls recently including the $270, $280, and $290 strikes.

Trade to Consider: Long the BILL November $280 Calls for $25 Debit

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