2. Targets Hit
Here are several completed trades from Investment House Daily, offering insights into our trading strategy and the targets that we have hit this week: PetIQ Inc. (NASDAQ: PETQ): Not all nice gains come from "name brand" stocks. Some are just ordinary, boring stocks that set up good patterns and deliver solid, easy returns. PETQ spent the period from October to mid-December forming an inverted head-and-shoulders bottoming pattern. This is a pattern that has delivered us countless gains during this long rally. We saw PETQ break higher in early December and then start to test. We put the play on the report when it faded to test the break over the resistance at the 50-day and 200-day moving averages (MAs) that were at the breakout point in the pattern. On Dec. 16, PETQ moved higher, completed the test and was ready for the next leg upside. That was our entry signal, and we bought stock for $32.48 and April $33 call options for $3.60. As anticipated, PETQ stepped higher up the 10-day exponential moving average (EMA) into this week and hit our initial target on Monday. Then, we sold half of the stock for $37.15 and banked a 14% gain. We also sold half of the options for $6.40 and banked a 77% gain. We also banked gains in these positions during the week: Apple Inc. (NASDAQ: AAPL): 114% gain in the options Floor & Decor Holdings Inc. (NYSE: FND): 45% gain in the options Peloton Interactive Inc. (NASDAQ: PTON): 141% gain in the options Snap Inc. (NYSE: SNAP): 19.6% gain in the stock, 94% gain in the options Receive a risk-free trial to Investment House Daily and save 50% by clicking here now! Here are two completed trades from Technical Traders Alert, offering insights into our trading strategy and the targets that we have hit this week: Broadcom Inc. (NASDAQ: AVGO): Although it is one of the leaders of the semiconductor sector, we like AVGO because it makes strong moves when it sets up. Furthermore, it sets up quite a bit because the big money likes buying AVGO. As we saw more opportunities heading toward the end of the year, we wanted to be in for yet another run. In mid-November, AVGO was setting up to break higher from a seven-week base. We put it on the report and watched for the move that came on Nov. 19. We then entered by buying January $380 calls for $22, as the stock was trading for $383.74. AVGO then broke higher, rallied steadily up the 10-day EMA and hit our initial target on Dec. 4. At that time, we sold half of the options for $35.80 and banked a 62% gain. We let it work, however, because it was in a strong move. AVGO came back to test the 20-day EMA into Dec. 11 and showed a doji on that test. That had us looking at another AVGO play. The stock then broke higher, and we entered a new position by buying March $410 calls for $27.90 when the stock was at $412.43. AVGO ran nicely higher from that test to a new high on Dec. 18. Then, AVGO paused, which is a normal thing to do after a good new break. Subsequently, it tested the 10-day EMA and tried to bounce. However, it got mired in a lateral move that could not break $435. It may eventually do that, but with January options on our initial position, we decided to bank the rest of the gains. That is, we sold them for $48 and banked a 118% gain. Perhaps we got cold feet ahead of the end of the year and the potential for new fund allocations. After all, we also sold the March options for $36 and banked a 29% gain. While this was not the gain that we wanted, we took it. If AVGO breaks higher again, we will move in once more. Paylocity Holding Corp. (NASDAQ: PCTY): We like playing PCTY as it can move well. During the period from November to mid-December, it set up a triangle consolidation. After we put the play on the report, we watched to see if PCTY would make the upside break. After it did that on Dec. 21, we moved in with February $200 call options for $16.80. PCTY stepped nicely higher into this past week. It paused and then gapped higher on Dec. 28. During that session, however, the market stalled and leaders started to roll over. As a result, we did not hesitate to sell the options for $21.50. Thus, we banked a 28% gain. While this was not the gain we anticipated, we nevertheless banked it. Then, PCTY slid back over the next three sessions. Now, it is setting up again with this breakout test. We are ready to move in as PCTY breaks back upside once more. Receive a risk-free trial to Technical Trader and save 50% by clicking here now! There were no trades in the Success Trading Group this week. Still, now is a good time to become a member of the Success Trading Group. The system is geared towards bringing you consistent, short-term gains of 5-10% and you can expect four to six trades every month. To receive a risk-free trial and save 50%, click here now! | 
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