Get the chart & reason for each trade
in your inbox every week.
Learn how we identified the Trade of the Week.
We'll show you the technical conditions that are in place for the stock at this time.
We'll tell you why we believe it will perform well based on the chart.
MNMD - How about 100% return in just 2 weeks from this amazingly strong chart. News follows strong price action and you had to be in this one to participate in the giant gap up after a solid
move higher to start.
TOST - This entry was absolutely textbook. We waited for the pullback into the rising 10-sma average and there was really never any pain or drawdown for this trade. A nice smooth 25% over a few weeks.
CVNA - This one was a short squeeze special. So many people had to buy shares back to get out of losing money being short. If you held on to it through earnings you were rewarded to the tune of 100% returns as of the date of this chart.
DK - Another strong sector focus in the oil and gas space. The chart confirmed the story with a clean breakout from consolidation on the 10-day sma. A quick 11% move in 1 week for swing traders.
ADM - A beautiful consolidation along the trendline. A fast 12% move up and out of that consolidation as the chart confirmed the story of agriculture shortages.
DINO - Was a simple trend play in a strong sector using the 10-day sma as a buy point in which we could lean on. A nice 20% move for those that participated and held.
Also from Trade Ideas: Meet the Trade Scanner you've always wanted