2. Targets Hit
Here is one completed trade from Investment House Daily, offering insights into our trading strategy and the target that we have hit this week: Docusign Inc. (NASDAQ:DOCU): My barber always wants stock tips from me when he cuts my hair. Interestingly, he still wants cash tips as well. In late March, I told him about DOCU, how it had formed an inverted head-and-shoulders pattern (a very solid accumulation pattern in this market) and that it was ready to break out. Yes, we were still cutting hair in Texas at the time. I saw him again this past week and asked him if he had bought it. He said that he had watched its value rise. Yes, DOCU has consistently won for us. We played this stock in early April and again later in the month as it tested the breakout from the pattern. We moved in on April 22 as it came up off of its breakout test and bought June $100 call options for $10.40 when the stock was at $102.12. This was a pretty clean play as DOCU held the 10-day EMA for the entirety of the move. On May 20, DOCU started showing signs that the leg was tiring as it would surge higher and then back off of much of the move. After it did that for three straight sessions, it then gapped upside again. However, it did not move past the prior session’s high. This told us that DOCU was due for a pullback. At that point, we pulled the trigger, sold the options for $33.00 and banked a 217% gain. As DOCU is currently testing, we will see if it gives us another good entry. Receive a risk-free trial to Investment House Daily and save 50% by clicking here now! Here is one completed trade from Technical Traders Alert, offering insights into our trading strategy and the target that we have hit this week: Zscaler Inc. (NASDAQ:ZS): ZS is always a favorite because it sets up nicely and delivers good moves. In early May, we saw ZS setting up a break higher off of a three-week consolidation at the 20-day EMA. It had previously formed a base from late February to April and then broke higher in April.
After it made a test that caught our eye, we put it on the report. On May 5, the fact that ZS made the break higher signaled our entry. Thus, we bought June $70.00 calls for $7.40 when the stock price was $71.24. As earnings were scheduled for May 28, our plan was to capture a rally toward their release. ZS moved up nicely until mid-May, flattened out for a week and then broke higher on the Tuesday after Memorial Day. It then gapped higher and stalled. Given that we were looking at a pre-earnings run play, we sent an alert to sell the calls. As they were sold for $12.70, we produced a gain of 71% on the run. Of course, ZS reported big results and gapped higher by 20%. Oh well, that was not the play this time. 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. However, 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! | 
Excerpted from Thursday’s paid content of 
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