2. Targets Hit
There were no new trades in the Investment House Daily this week. Still, you can 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: Lam Research Corporation (NASDAQ:LRCX): Semiconductor stocks have continued to flirt with really solid moves. However, even though they featured good patterns, and the PHLX Semiconductor Sector (SOX) tried to reach a new high, they were just not making great moves. Or, at least, most of them were not. LRCX is a stock we always watch, mainly because it often puts together powerful runs. Accordingly, after it broke higher over its resistance during the second half of June, we began watching for an entry point. LRCX tested that break higher, as is often the case, and came back to the 20-day EMA. We put the play on the report during that test, and LRCX broke higher with a solid move on June 20. Since that was our entry signal, we moved in with September $315 call options when the stock was at $320.81. Initially, this was a strong move that looked good. LRCX did continue higher, but it was a slow move that mimicked the trajectory of the semiconductor sector. So much for a big, fast and powerful run. LRCX worked its way up the 10-day EMA. Generally, it was up a day and then down a day in a steady move. This was not a bad course of action, as it soon began to blast off. When tech stocks jumped on Monday, LRCX posted a solid move and hit our initial target. After riding a slow and steady move for 20 days, we were ready to take our gains. We sold the options for $48.90 and banked a gain that was just under 43%. While this figure is not huge, the gains are not bad at all. Pan American Silver Corp. (NASDAQ:PAAS): Yes, we were interested in precious metals. Of all the silver stocks, PAAS is our favorite and is always on our metals watchlist. With all precious metals forming up, we were watching PAAS form a short cup-with-handle pattern from late May to early July. We then put it on the report after a solid break higher on June 30 was followed by a test. After a tight, lateral, four-day-session move to form the handle, PAAS broke higher on July 8. Since that was our entry signal, we bought stock for $32.49 and October $32 call options for $4.50. PAAS then did what metals do -- it worked a bit higher, tested the 10-day EMA and then moved up again. Early this past week, PAAS hit our initial target. So, we sold half of the stock for $35.62 and banked a 9.6% gain. We also sold half of the options for $6.20 and banked a 34% gain. While these gains are not exciting, precious metals are not exciting either. The gains are, however, very steady, and we anticipate that the remaining position will continue to work higher up the 10-day EMA. Receive a risk-free trial to Technical Trader and save 50% by clicking here now! Here is a completed trade from the Success Trading Group, offering insights into our trading strategy and the target that we have hit this week: Kroger Co. (NYSE:KR): Sexy is as sexy does. That is what I tell myself when looking at stocks like Kroger. While groceries are useful, they are totally not sexy. Or, perhaps they are -- my wife got hit on at our local grocery the other day. Ah, life with COVID-19. She said that it was just because she was in her car and did not have her mask on -- anyone without a mask is sexy, she said. For me, it is the other way around -- please put on the mask... Anyway, KR was building higher off of the 50-day moving average (MA) in a decent enough uptrend. Not only had the stock come back to the 50-day MA with a test during the first two weeks of July, but with all of the lockdown problems, it likely would put in a good move higher off of the 50-day. On July 14, the fact that KR bounced gave us an entry signal. So, we moved in and bought stock for $34.20 as it bounced higher. KR was then "out of stock," so to speak, for the next three sessions, as it continued to work laterally. Finally, KR surged this week. On July 21, it ripped higher and moved over $35.50. We let it surge, and when the move started to falter, we sold the stock for $35.42 and banked a 3.57% gain. 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! | 
Tidak ada komentar:
Posting Komentar