Constant Contact is up today in a down market. While Google may be down today, it’s earnings release yesterday noted some strong advertising spending, which bodes well for Constant Contact. I am expecting a run-up from here heading into the earnings announcement in a few weeks. Short interest is very high, and we’ve seen 2 days of what could be considered short covering.
- The Ticker: CTCT
- Target Price: TBD per share
- The Trade
- Buy to Open Jun 2012 30 Calls at 2.20 or better
- Trade Opened: April 13, 2012
Chart courtesy Finviz. Click to open larger.
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