Stock went a bit crazy there. Earnings are tomorrow morning so we were already planning to sell today when the stock suddenly spiked. We moved the stop up and it almost immediately hit. You can see on the 1-minute chart below how quickly that moved.
Buy-and-Hold Portfolio Trade Alert: Bought 5% FSLR @ $104.00 Stop @ $69.00 The solar sector has exploded the past few months, which makes it feel a bit like we may be chasing this trade. However, we think First Solar still has significant upside potential in the coming couple of years. In addition to just being a solid sector, it also has the benefit of a new President who has announced to things that should help … read more Buy-and-Hold Portfolio Trade Alert
Closed KNX @ $44.66 Closed trade for a 4% gain. Earnings are in two days and markets are weak today, so we’re just going to harvest the gain here and have another look after earnings.
Bought 5% BYND @ $137.00 Stop @ $97.90 Beyond Meat excites some people and makes others crinkle their nose. Regardless, their prospects for future growth remain incredibly strong. They just inked a deal with Taco Bell, adding to their long list of fast food and other restaurants serving their products. Retail sales have been strong as well. Their name has quickly become synonymous with plant-based food. Veggie burger and Beyond burger are practically interchangeable. They … read more Buy-and-Hold Portfolio Trade Alert
Bought 15% AMZN @ $3215.00 Stop @ $3078.90 Target @ $3890.00 We’ve been watching this chart of AMZN for weeks. Nice symmetrical triangle pattern. We’ve got a fresh buy signal this morning as it crosses through the 20 and 50-DMAs. What we’re really hoping to see here is enough momentum from the signal to push us up and through the top of the triangle around $3300. At that point we’d be looking for a much … read more Trade Alert
Bought 10% AAL @ $16.16 Stop @ $14.68 Target @ $22.80 This isn’t likely to be a popular trade. Nobody is a fan of airlines at the moment, and maybe with good reason. But we have a fresh buy signal today, some solid support levels underneath us, and a ton of upside potential. This trade will rely significantly on the US getting its act together regarding the vaccine rollout, and the overall market’s performance, but … read more Trade Alert
Buy 5% BABA @ $243.68 Stop @ $174.95 BABA had been a China high flyer until recently when it’s founder found himself on the wrong side of the Chinese government with some comments he made. In addition, the Trump administration had been grumbling about banning the company in the U.S. That news has blown over, and while the China issue remains unresolved, we think, as generally happens worldwide, gov’t will eventually back off again. BABA … read more Buy-and-Hold Portfolio Trade Alert
Bought 15% CSCO @ $45.28 Stop @ $42.79 Target @ $50.29 The CSCO chart gave us a nice buy signal a couple days ago, rallied, then fell back to test the 20-DMA (very common). It’s now bouncing off of that level, with the added benefit of a golden cross pattern (50-DMA crossing the 200-DMA) which could generate some additional buying interest. There is a gap to fill at $47.28 which should act as a magnet … read more Trade Alert
Buy-and-Hold Portfolio Trade Alert: Bought 5% F @ $9.70 Stop @ $6.95 It’s not a very popular opinion these days, but we tend to believe that legacy automakers are not going to simply be left in the dust by electric vehicle start-ups. Tesla is a great product and leader, and certainly there are others out there, but the legacies have the infrastructure and the ability to tap the financial markets in order to move the … read more Buy-and-Hold Portfolio Trade Alert