Modine (MOD) shares of the small cap auto components name have formed a bullish coiled wedge pattern the past month near the 55 day MA and closed strong at highs on Tuesday back inside of its monthly value area with MACD crossing bullish and seeing momentum shift higher. MOD has been a top small cap name the past year and now looks poised to regain the 100 level and target up to 105 short term. Risk managemnet is easy here with a close under this weeks low of 92 being an exit signal or if unable to stay above 95 where the value area low is. MOD saw recent buyers of 1600 July $100 calls at $4.15 to $4.90 earlier this month and has 2800x now holding in open interest.