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Pierre has been plotting the price behaviour of QLT using a 100-day moving average.

Pierre has been plotting the price behaviour of QLT using a 100-day moving average. The 100-day moving average line has been above the daily market price for several weeks. However, the price of QLT broke through the moving average line with heavy trading volume, and the moving average line is moving higher. What action should Pierre take based on this information?

A.

Buy put option on QLT shares

B.

Sell QLT shares

C.

Buy QLT shares

D.

Sell call option on QLT shares

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