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This Week's Top 5 Trades
Moderna Inc. was featured in Tuesday morning’s newsletter as we were looking for a turnaround after the small pullback. We got our entry price and sold it today just below our target as it started to lose steam for a four-day return of 7.1%.
Chewy Inc. was featured in last Tuesday’s newsletter. This one was definitely a slow mover but did what we thought it would and paid the bills. We gave our subscribers an entry price of $75.25 and sold it today into momentum for a nine-day return of 8.8%.
Academy Sports and Outdoors Inc. was featured in Monday morning’s newsletter. The stock pulled back for a week and gave us a great opportunity for a new trade. We had our entry price listed at $38.50 and a target price of $42. This stock went in our favor immediately and never looked back. The stock opened slightly above our target today, where we sold for a five-day return of 10.4%.
Roku Inc was by far this week’s most exciting trade! This idea was featured in Monday morning’s newsletter, where we specifically mentioned that we were looking for a break of $370 to get in, and our price targets were at $400, followed by $440. The stock hit our entry price and then just exploded. It crushed our first target with ease and then made a run-up to our second target. We sold today at the close just below the second target but will look to re-enter the trade next week. Five-day return of 16.4%.
Virgin Galactic Holdings Inc. was this week’s top trade!
This trade was featured in Wednesday’s newsletter as we started to spot some buying pressure in the stock. We gave an entry price of $39.50 and a target price of $47. Our entry price triggered and the stock just hung out around our entry price for two days. Then this morning we got a monster gap in our favor and SPCE opened above our target price. We sold the open for a three-day return of 21.5%.
(See below what was sent to our premium subscribers Wednesday at 6 am).