Weekly Recap
This Week's Top 5 Trades
#5 FDX
FedEx Corp was featured in yesterday’s newsletter. We noticed the stock had pulled back along with the rest of the markets but found support at the 20-day moving average, and we were looking for a bounce off of that support. The stock did exactly as expected for a solid two-day return of 4.2%.
#4 RTX
Raytheon Technologies Corp was a very similar setup to that mentioned above for FDX. We featured this trade idea in yesterday morning’s newsletter and gave an entry price of $82.50. The stock hit our entry and closed strong both days for a two-day return of 4.4%.
#3 UBER
Uber Technologies Inc was featured in this morning’s newsletter as a day trade idea. The stock pulled back last week on earnings news, and we were patiently waiting for the right time to get in. Yesterday, the stock triggered our oversold alert, and we mentioned buying the higher open today, which resulted in a very profitable trade. One-day return of 5.3%.
#2 HES
Hess Corp was featured in last Tuesday’s newsletter after the stock broke out of its trading range and gave us a nice entry before the next move higher. We gave our members a $77.25 entry price which was hit that same day, and the stock took off for a nine-day return of 9.2%.
#1 DASH
Doordash Inc was this week’s top trade!
The stock was featured in this morning’s newsletter, where we were looking to buy today’s open after the gap higher on earnings. We bought the open, and shortly after, the stock exploded for a three-hour return of 16.6%.
