2. Targets Hit
Here are two completed trades from Investment House Daily, offering insights into our trading strategy and the targets that we have hit this week: Nike Inc. (NYSE: NKE): Earnings were scheduled for the fourth week of September, and we wanted to play a move on earnings. As NKE was trading in a tight and flat consolidation to end August, we were ready to enter when it made its break. When it broke higher to start September, we entered the play by buying October $115 call options for $5.60 when the stock was trading at $114.59. The stock had a nice break higher, and then we saw the September slump in tech. While it did not hammer NKE, the stock did fade to the 20-day exponential moving average (EMA) that week. As it bounced nicely intraday, however, buyers were there to stop the selling. NKE rallied to the middle of the month and then tested. Then, it faded all the way to the 20-day EMA on Monday. As the stock showed a nice doji, it was able to rebound on Tuesday. Since earnings were due after the close, we were flat, at best, because no run had been built into the stock. However, since NKE was selling a lot of goods online and online sales were being rewarded in the company's earnings, we let the options run through the announcement. After NKE blew out results on Wednesday, the stock gapped to almost $130. As a result, we took advantage of the jump in volatility to sell just over half our position for $14.30 and bank a 155% gain. Zoom Video Communications Inc. (NASDAQ: ZM): ZM continues to impress with its moves and its earnings. In early September, it exploded higher on its earnings results and rose to over $475. It then tested substantially over the next four sessions -- right at the start of the September selling. After it came back to the 10-day EMA, it started to show a doji on the candlestick chart. This suggested that the selling was about to end. We put it on the report, and when ZM bounced on Sept. 14, we bought November call options for $50.50. ZM bounced, made a quick intraday 10-day EMA test on Sept. 17 and then started to run. It zoomed well. By Sept. 23, Zoom surpassed $500 intraday before starting to falter. On Thursday, ZM opened lower and then rallied right back up. Then, however, it started to falter again. The fact that the stock had more than a week of upside followed by five sessions of movement straight upward for over 130 points before starting to falter meant that it was time to take profits. We sold the options for $114.50 and banked a 97% gain. 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: Zillow Group Inc. Class C (NASDAQ: Z): Z is a stealth leader that rose steadily ahead of September. Indeed, when the September selling hit, Z simply used it as a time to test another good rally from August. It dipped to the 20-day EMA by the end of the first week, held and then started upside. As it made that test, we put it on the report that weekend because we wanted to capture Z as it rebounded and continued the move. While we had to wait three sessions, Z started higher on Sept. 10. We bought November $85 call options for $10.44. Z then proceeded to put in a steady, solid move up the 10-day EMA. It paused, made a quick test of the 10-day EMA Monday and then jumped higher on Tuesday. At this point, it hit our initial target. When it did, we sold half of our position for $16.95 and banked a 62% gain. On Friday, Z rallied again and moved to a new high at $100. Receive a risk-free trial to Technical Trader and save 50% by clicking here now! Here is one completed trade from the Success Trading Group, offering insights into our trading strategy and the target that we have hit this week: Stitch Fix Inc. (NASDAQ: SFIX): SFIX was one of the retail stocks that felt a bit of the September selling, but not much. It had already put in a base ahead of September and was indeed ready for the upswing when the selling started. Actually, SFIX used the selling as a time to test a strong move on the first day of the month. At the end of the first week of the month, SFIX broke higher, but wildly surged and purged all in one session. Then, it gapped upside during the next session. It tested that break higher during the middle of the month, and when it closed at the 10-day EMA on Friday, Sept. 11, we put a play on the list that weekend. On Sept. 14, SFIX broke higher, and we entered by buying stock for $28.89. SFIX rallied during the next session, but then reversed midday to close flat. This was followed by a Wednesday-to-Friday test of the 10-day EMA once again. This Monday, SFIX moved higher with a solid advance to the recent highs. On Tuesday, it gapped upside and took off on a rally right before earnings and after the close. We didn’t get it at the session high, but we were not far off. In the end, we sold our position for $30.46 and banked a solid 5.4% 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! | 
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