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This Week's Top 5 Trades
3D Systems was featured in Wednesday morning’s newsletter. We mentioned that we were looking for a $28 entry price. The stock did not give us the entry we were looking for on Wednesday, but it did the next day. As soon as our alert triggered, we bought the stock, which had a monster day. The stock normally moves about $3 per day, and Thursday, it increased by $9. We sold at the close for a One day return of 12.7%.
Penn National Gaming was featured in this monday’s newsletter. We bought the open, and we were looking for a $112 price target. The stock started to reverse slightly on Wednesday, and we decided to exit while we were still ahead for a Three-day return of 16.7%.
In last Monday’s newsletter, Redfin Corp was featured where our gameplan was to buy at our target entry of $67.25 and look to exit at $83.50. Our entry triggered, and the stock was looking great. This Wednesday is started losing steam and moving against us, so we pulled the plug on it for an Eight-day return of 19.5%.
Chewy Inc was featured in last Wednesday’s newsletter. We were looking to buy and hold above $90.50. The stock actually opened slightly above that number, which was perfect. It immediately went in our favor, has a small pause Friday, and then just took off this week well past our price target. We closed it out on Wednesday for a Six-day return of 23.9%.
This week’s top trade, by far, was Lemonade Inc. LMND was featured in last Wednesday’s newsletter, where we were game planning a $124 entry. Our entry price did not trigger until the following day. Once the stock hit our entry, it was off to the races. The move was so fast and significant that we decided to exit the trade on Monday after another ridiculous move higher for a Four-day return of 47.4%. So far, our best pick this year!!!