Weekly Recap
This Week's Top 5 Trades
#5 FDX
FedEx Corp was mentioned in last Thursday’s newsletter as the stock had just found support at the 20-day moving average. We gave an entry price of $296, and we were looking for a reversal. The stock gave us a solid bounce but started to lose steam as we approached resistance today. We decided to exit for a seven-day return of 5.8%.
#4 UPST
Upstart Holdings was featured in yesterday’s newsletter as a day trade. We mentioned to our subscribers that this stock typically moves about $14 per day, and we were looking to capture $9-$11. We got $10 right out of the gate before 11 am. Some members hed it overnight and sold today after another monster move, great job! For our day trade, a one-day return of 7.5%.
#3 DDD
3 D Systems Inc was featured in yesterday morning’s newsletter. We gave our members a $25.25 entry price and had a target set at $32. The stock still has plenty of room to go, but due to the volatility and the fact that it had a great day today, we decided to close the position out and will look to re-enter next week. Two-day return of 8.8%.
#2 SE
Sea Limited was featured in Wednesday morning’s newsletter as an earnings play. The stock had a monster day after they reported quarterly earnings, and we were looking for a continued momentum push, which we got. The stock gave us two amazing days after our entry for a three-day return of 12.9%.
#1 PLUG
This week’s top trade was PLUG!
Plug Power was featured in last Wednesday’s newsletter. We gave an entry price of $23.50, which triggered that same day, and while the stock didn’t take off as quickly as we expected, it still did what it had to do and paid the bills. A slow and steady grind higher for an eight-day return of 18.4%.
