Weekly Recap
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#5 NUE
Nucor Corp. was featured in Wednesday morning’s newsletter. We gave an entry price of $99 and used a $3 trailing stop to preserve profits. We planned to exit above $105, and the stock came within 3cents of that level. Since it did not quite have the momentum necessary to break through, we decided to exit for a three-day return of 5.97%.
#4 SAVA
Cassava Sciences Inc. was featured in Wednesday morning’s newsletter, and this trade truly illustrates the accuracy behind our price targets. Anybody can get a good entry on a trade, but the exit is where even the best traders have struggled since the beginning of time. We gave our members an entry price of $128 and a price target of $142. The stock just took out our target, we sold for a profit, and then it collapsed. One-day return of 10.96%.
(See below what was sent to our members Wednesday at 6 am).
#3 ZM
Zoom Video Communications Inc. was featured in last Thursday’s newsletter. With the recent increase in Covid cases across the country, we were looking to buy the pullback in Zoom and catch a bounce back towards $400. The stock did exactly as planned despite the relative weakness in the markets. We sold yesterday as the stock approached $400 for a six-day return of 11%.
#2 JKS
JinkoSolar Holding Co. was featured in Wednesday morning’s newsletter. We specified that this would be a 1-3 day momentum trade looking for an $8-$10 reversal. Straightforward and simple, that’s what our members want, no guesswork necessary! We hit our $8 target today for a three-day return of 16.11%.
#1 RIOT
Riot Blockchain Inc. was this week’s top trade!
We saw a tremendous opportunity last Wednesday, the 21st, when Bitcoin broke below $30,000, and we were looking for ideas to profit from a reversal. After analyzing several candidates, we decided to go with RIOT due to the correlation, volatility, and liquidity. Our entry price was $26, and our price target was $33. We sold it Monday at the close above our target for a four-day return of 22.55%.
(See below what was sent to our members Wednesday at 6 am).
