Monsters Like Pullbacks (IBN)

Many times, a Monster Win will be a big explosion and that keeps on exploding.

Buying stocks that go up has worked for a long time and will probably work forever.

But that's not the only way.

Sometimes Monster Winners will come after a pause.

For example, take IBN.

It was a recommended trade in the Exotics program back in mid-April.

Leading up to the trade, IBN had been in a huge uptrend from September 2020 through February 2021.

There was a lot of momentum in this stock.

But then it took a rest. Nothing grows to the moon, right?

And in the middle of that rest, it started to look bullish.

Stocks that have made big runs and have rested mildly tend to make another big run (as long as the pullback isn't too severe).

And that's what we saw in IBN:

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On April 15th, 2021, it looked like IBN was regaining momentum. That's when the recommendation went out.

And that turned out to be right.

IBN then exploded for a 109% win. Here's the chart once again:

Sometimes Monster Winners just need a moment to rest.

And that's something we can watch for.

Happy trading,


Scott

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