Top Entertainment Stock Breaks Out with Size Bull Open Interest
Endeavor (EDR) triggered a breakout to close the week, also a favorite fundamental name, and has large size in May $22.50 calls for 28,447 contracts as well as 10,000 of the May $25 calls bought in open interest. EDR closed the week above VWAP off the highs and now look to VWAP from its IPO at $25.15 and then a 50% retracement target at $26.35, a a name with serious M&A potential.