Buy Setup in JOY

Max risk below the $53.07 area   Min risk below $53.92

Targets $58.96, $60.33 and possibly as high as $64.29.

CB 3 5 joy

The video below illustrates how this setup was identified.

http://www.fibonacciqueen.com/public/JOY-362014-for-the-CBOE.cfm

Consider buying the 55 – 65 call vertical spread.  Joy has Extended Weekly’s.  If you think the move might not happen until after the regular March expiration you could go with 3/28 expiration (low open interest)  or 4/4 (new this past Monday, even less OI).  CB