Azek AZEK Stock & Option Trade Ideas

The technical data for AZEK indicates a bearish trend:

• MACD (Moving Average Convergence Divergence) is negative and below the Signal Line, indicating a bearish signal.
• The stock price is below the Middle Bollinger Band, suggesting a bearish sentiment.
• RSI (Relative Strength Index) is below 50, further confirming the bearish trend.

Based on this analysis, here are some potential trading strategies for AZEK:

• Stock Trades:
• Consider short-selling AZEK stock or buying put options to profit from a potential downward movement in the stock price.
• Avoid buying AZEK stock or call options as the bearish trend may continue in the near term.
• Option Trades:
• Buy put options with a strike price below the current stock price to benefit from a potential decline in AZEK’s stock price.
• Sell covered calls if you already own AZEK stock to generate premium income in a sideways or bearish market.
• Avoid buying call options due to the bearish outlook for AZEK.