Doximity DOCS Stock & Option Trade Ideas

The technical analysis for DOCS indicates a bullish trend:

• The MACD (Moving Average Convergence Divergence) line is consistently below the Signal line, showing upward momentum.
• The RSI (Relative Strength Index) is currently around 71, indicating overbought conditions but also strong bullish momentum.
• The stock price is trading above the middle Bollinger Band, further supporting a bullish outlook.

Based on this analysis, here are potential stock and option trading strategies for DOCS in the coming days:

• Stock Trade: Consider buying DOCS stock at the current price of around $27.73 with a target price of $30 in the short term.
• Option Trade 1 (Bullish Call Option): Buy a DOCS Call Option with a strike price of $29 and an expiration date of 30 days. This allows you to profit from potential upward movement while limiting your risk to the premium paid.
• Option Trade 2 (Bull Put Spread): Sell a DOCS Put Option with a strike price of $26 and simultaneously buy a Put Option with a lower strike price of $24. This strategy can generate income if DOCS remains above $26 within the chosen timeframe.