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This Week's Top 5 Trades
Visa Inc. was featured in Wednesday morning’s newsletter. We were specifically looking for a 2-5 day momentum trade following the breakout. We got two solid days and a nice gap in our favor today, which is not bad considering how weak the markets have been. This trade would have performed much better in normal market conditions, but sometimes you just have to take what the market gives you. Three-day return of 3.07%.
JinkoSolar Holding Co. was featured in last Wednesday’s newsletter. The stock opened slightly above our entry and was off to a great start. We had a price target of $67 but noticed that the stock kept struggling just below that level. Yesterday, it looked as though it was ready to take off again but did not hold, so we decided to exit a few dollars below our target for a seven-day return of 9.3%.
Newegg Commerce Inc. was last week’s top trade and made it to the top 5 again this week. We featured this trade on Wednesday with an entry price of $32, which triggered, and almost immediately after we got in, the stock began trading lower. We gave it a couple of days because we were still expecting a short-covering rally, and we got just that this morning. The buying pressure increased, and shorts were forced to cover. We closed this one into momentum early in the day for a three-day return of 10%.
Moxian Inc. was featured this morning as a day trade. We came into the day expecting more selling in the market and looking to trade for cash flow only. This one paid the bills today. We caught a solid $3 rally and were out by 11 am for a one-day return of 10.6%.
Moderna Inc. was this week’s top trade!
It was featured in Wednesday morning’s newsletter as the stock was hovering just below a key level that we had been watching. Our game plan for this trade was spot on! We gave our members an entry price of $240 and said that we could see a big rally if the stock traded up to that level. The stock gave us two strong days and a huge gap today that opened well above our target and kept climbing. We were looking for a $25 push higher and actually booked $46 for a three-day return of 19.2%.
(See below what was sent to our members Wednesday at 6 am).