Exelixis EXEL Stock & Option Trade Ideas

Based on the technical data for EXEL:

• The MACD (Moving Average Convergence Divergence) is trending below the signal line, indicating a bearish signal.
• The RSI (Relative Strength Index) is fluctuating within the oversold and neutral range, suggesting a neutral to bearish sentiment.
• The Bollinger Bands have been narrowing, indicating a period of consolidation.

Given the current technical indicators, here are some potential trading strategies for EXEL:

• Bearish Stock Trade: Consider shorting EXEL stock with a stop-loss above the upper Bollinger Band to capitalize on the bearish trend.
• Bullish Option Trade: If you believe EXEL will bounce back, consider buying call options with a strike price near the middle Bollinger Band and an expiration date that aligns with your outlook.
• Bearish Option Trade: To profit from a potential downturn, consider buying put options with a strike price above the current price and an expiration date that matches your bearish forecast.
• Neutral Strategy: If you anticipate consolidation, you may want to consider an iron condor strategy, selling both a call spread and a put spread with strike prices based on the Bollinger Bands.