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: Cleveland-Cliffs Inc. (NYSE: CLF): As the industrial metals sector was setting itself up beautifully, we were looking at a handful to play as the market rotated toward industrial recovery stocks. CLF was perfect because it had formed a three-week pennant after a nice mid-November to mid-December run. On Jan. 5, CLF broke higher from the pennant, and we moved in by buying stock for $14.81 and March $14 call options for $2.20. These kinds of patterns can yield results in a hurry, and that is exactly what CLF provided. The stock gapped higher on Jan. 6 and surged over $17. On Thursday, CLF surged again, but then started to backpedal. Again, while it can provide fast results, the initial moves also tend to burn out fairly quickly as well. As CLF showed a doji on Thursday, we sold half of the position, as we believe that this will be a two-step move. Nonetheless, we wanted to take the good gains in hand. So, we sold half of the stock for $18.18 and banked a 22.75% gain. We also sold half of the options for $4.60 and banked a 109% gain. Over the course of the week, we also banked gains on the following plays: Applied Materials, Inc. (NASDAQ: AMAT): 47% gain in the options Century Aluminum Co. (NASDAQ: CENX): 24% gain in the stock, 116% gain in the options Eaton Corporation PLC (NYSE: ETN): 152% gain in the options PetIQ Inc. (NASDAQ: PETQ): 14% gain in the stock, 77% gain in the options Ultra Clean Holdings Inc. (NASDAQ: UCTT): 14.7% gain in the stock, 98% gain in the options United States Steel Corporation (NYSE: X): 19.5% gain in the stock, 82% gain in the options Receive a risk-free trial to Investment House Daily and save 50% by clicking here now! Here are several completed trades from Technical Traders Alert, offering insights into our trading strategy and the targets that we have hit this week: Sunrun Inc. (NASDAQ: RUN): With a Democratic administration coming in, we figured that solar would be an interesting play. So, when we saw RUN setting up a nice three-month base into mid-December, we put it on the report. On Dec. 18, RUN broke higher from the 50-day moving average (MA). Then, we moved in by buying March $65 call options for $10.40. RUN rallied through Christmas and then tested into the new year, all while holding the 20-day EMA. Since the move was still in place, we let it test during those two days. As the new year started, RUN moved higher, but it was not "running". Then, after the Georgia Senate runoff on Jan. 6, RUN blasted higher with a big upside gap. RUN gapped higher once again on Thursday. That move took RUN from near $68 to over $90 -- THAT is a run. On Thursday, RUN closed off of the intraday high. On Friday, RUN gapped higher again and then started to backslide to a doji. As a result, we sold half of the position for $29.85 and banked a 185% gain. Spotify Technology SA (NYSE: SPOT): After four weeks of consolidating the November to early December run, many members in the group of cloud plays we like to trade, e.g. Twilio, Spotify and Peloton, were set up at a level of support to make new moves higher. Thus, we were watching for breaks higher. We saw SPOT break below the 20-day EMA toward the 50-day EMA early in the week and put it on the report. On Jan. 7, SPOT gapped over the 20-day EMA. That was our entry signal, and we moved in with February $330 call options for $23. SPOT continued running higher during that session, and gapped and surged again on Friday. After it hit our initial target, we went ahead and sold half of the options for $36.60 and banked a 59% gain. This was not bad at all for a day in the play, but frankly, we are looking for more gains on top of this. We also banked gains on the following plays this week: Freeport-McMoRan Inc. (NYSE: FCX): 84% gain on the first target, 121% gain on the second target Lam Research Corporation (NASDAQ: LRCX): 55% gain in the options Rambus Inc. (NASDAQ: RMBS): 65% gain in the options Receive a risk-free trial to Technical Trader and save 50% by clicking here now! Here are several completed trades from the Success Trading Group, offering insights into our trading strategy and the targets that we have hit this week: Rambus Inc. (NASDAQ: RMBS): Of all the tech stocks, semiconductors were setting up the best for new runs higher. RMBS was relatively cheap, and its pattern was excellent. Indeed, it put in a three-week consolidation of its last run and moved back to the 20-day EMA. On Jan. 5, RMBS broke higher from the 20-day EMA. Since that was the move we were looking for, we entered by buying stock for $18.01. RMBS stepped right on the upside with the break, and on Jan. 7, we sold the position for $18.73 and banked a 4% gain. We also banked gains in the following positions: ConocoPhillips (NYSE: COP): 3.78% gain Freeport-McMoRan Inc. (NYSE: FCX): 4.15% 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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