| Trader, On Friday, I sent my members a fresh stock alert that’s showing one of my favorite trade setups. … Not to mention the fact that one of the company directors just made back-to-back purchases of $149,780 and $100,250 in his personal account. Looking at the chart, it’s easy to understand why he’s getting in right now. Check this out:
During the coronavirus selloff, this stock fell 65%. That’s a significant drop for this particular company. But the stock has now stabilized, and I believe it’s about to break out. Just take a look at this volume profile:
This is one of my absolute favorite setups. You’ll notice two distinct high-volume areas on the chart. The first was around $26 where this stock found acceptance prior to the pandemic. After bottoming out at 10 bucks a share in March, the stock found acceptance around the $14 mark. Then, last week, it began breaking out to the upside. It traded above $18 before running out of steam. Now it’s pulled back to the $14 acceptance area where I believe it will pick up buyers and make another run at new highs. But I’m not the only one who thinks this is a winner… Because, as I mentioned, our friend the director just bet $250k of his own money that it will take off again. Now, the last pick I sent my members saw a 28.4% stock gain and 112% move on the call options in a mere SEVEN DAYS. … And this one could move fast as well. So if you’re curious as to how I find stocks like these that show major insider activity… And consistently yield significant gains for my members… AND tell you about 3 other hot picks in our portfolio RIGHT NOW. Invest well, Ross Givens |
| Market Traders Daily |
| Disclaimer: Futures, forex, stock, and options trading are not appropriate for all traders. There is a substantial risk of loss associated with trading these markets. Losses can and will occur. No system or methodology has ever been developed that can ensure returns or against losses. No representation or implication is being made that using any of these methodologies or systems will generate returns or ensure against losses. |
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