Direct TV has broken long term resistance

Direct TV has broken its long term resistance point at 34 over the last two trading days. So, the 34 level should now act as a support area. It has also had a bullish crossing of the 13-34 day moving averages. These averages are used by traders to tell what type of trend a stock is in. When the 13 day is trading above the 34 day, it is bullish. When the 13 day is below the 34 day it is bearish. The crossing of the averages coupled with the recent break in resistance is good news for those bullish on the stock. The next resistance point will be near the 37.50 mark. It has not reached that point since mid 2000. So, I believe this can be taken advantage of in a few ways. One is to buy the stock out right, of course. The other two strategies involve the use of options. One way is to buy a naked call on the stock at the 35 strike price with an expiration at least three months out. If you want to reduce your risk, you can purchase a spread. To do this you would sell a put option near the current price, maybe the 33 strike to give some room to the downside, and buy a call at the 35 strike. This will not only reduce your costs by selling the put, but also reduce your risk.