Looks like a Double Bottom in Sanderson
Sanderson Farms has been in a persistent downtrend for a while. But now with a back check to the recent low, it looks like a double bottom is forming. Price re-tagged the low but with bullish divergence showing on the RSI and PPO momentum indicator.
I’ve taken a small position in the Aug 100 Calls. I paid $3.33 They are slightly higher now
My stop is the recent low. My target is 107.50.