the footwear maker could start sprinting
| | | | | | | | | SCOTT WELSH’S TICKER TALES
Breakout For Birkenstock?
If you’re looking for Big Wins, IPOs are a great place to look.
And we’ve mentioned this before.
New stocks have their whole future in front of them.
And if they break out from a base and soar to new highs, you can catch the beginning of AAPL, NFLX, or AMZN.
Or, a more appropriate comparison to Birkenstock, DECK.
Look at DECK’s incredible rise over the years:
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Could BIRK do that?
That’s the thing with new stocks: we never know.
But a break above $52.12 could lead to the start of something substantial.
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We’ll keep an eye on it.
Happy trading,
— Scott Welsh
P.S. As a reminder, these plays are based on my longer-term Weinstein Stage Analysis method. The charts above use weekly candles and a 30 week simple moving average. For details on this method, see my explanation on this Ask The Pros episode starting at timestamp 20:45. | | | | |
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| GUEST POST: JACK CARTER
Did You Catch SMCI On The Way Up?
What were you doing on January 22nd?
If you were like a lot of traders, you were probably looking at a chart of SMCI…
Because it had just closed out the previous week by jumping a massive 37% from the previous day’s close:
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To most traders, that was probably one of those moments where they think to themselves:“Well, there goes another big one one that I missed…”
See, when big moves like that happen, it’s usually an overreaction.
And many times, we can expect a correction to hit that very same stock…
But not me. Not on this day.
Because a new dashboard I’ve been testing told me a different story…
It spotted a series of Wall Street “big money” orders piling into SMCI.
I know I don’t have to tell you the rest of the story.
Because over the past month SMCI has been on a run like we haven’t seen in a long time — if ever.
All told, the stock went on to gain more than 250% before it peaked this past Friday morning.
It’s since crashed hard — dropping over 20% in a single day.
But what I want you to focus on is the epic run it went on.
It all started with that series of Wall Street “big money” orders.
That was the signal that tipped me off to the fact that that 37% single day pop could be just the beginning.
So moving forward, when you see a big jump like that, you have to ask yourself…
Is big money moving that stock? Or is it just a small rally that will soon fizzle out?
The answer could revolutionize your trading.
Trade well,
— Jack Carter
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SCOTT WELSH’S TICKER TALES
Breakout For Birkenstock?
If you’re looking for Big Wins, IPOs are a great place to look.
And we’ve mentioned this before.
New stocks have their whole future in front of them.
And if they break out from a base and soar to new highs, you can catch the beginning of AAPL, NFLX, or AMZN.
Or, a more appropriate comparison to Birkenstock, DECK.
Look at DECK’s incredible rise over the years:
Could BIRK do that?
That’s the thing with new stocks: we never know.
But a break above $52.12 could lead to the start of something substantial.
We’ll keep an eye on it.
Happy trading,
— Scott Welsh
P.S. As a reminder, these plays are based on my longer-term Weinstein Stage Analysis method. The charts above use weekly candles and a 30 week simple moving average. For details on this method, see my explanation on this Ask The Pros episode starting at timestamp 20:45. The Loophole Wall Street Can’t Patch
One trader has discovered a way to “spy” on Wall Street’s “big money” orders…
And he’s spotted huge moves from the likes of NFLX, ANET, SHOP, ROKU, DKNG, SQ and more!
Best of all…
Now he wants to share this cutting-edge tool with you! GUEST POST: JACK CARTER
Did You Catch SMCI On The Way Up?
What were you doing on January 22nd?
If you were like a lot of traders, you were probably looking at a chart of SMCI…
Because it had just closed out the previous week by jumping a massive 37% from the previous day’s close:
To most traders, that was probably one of those moments where they think to themselves:“Well, there goes another big one one that I missed…” See, when big moves like that happen, it’s usually an overreaction.
And many times, we can expect a correction to hit that very same stock…
But not me. Not on this day.
Because a new dashboard I’ve been testing told me a different story…
It spotted a series of Wall Street “big money” orders piling into SMCI.
I know I don’t have to tell you the rest of the story.
Because over the past month SMCI has been on a run like we haven’t seen in a long time — if ever.
All told, the stock went on to gain more than 250% before it peaked this past Friday morning.
It’s since crashed hard — dropping over 20% in a single day.
But what I want you to focus on is the epic run it went on.
It all started with that series of Wall Street “big money” orders.
That was the signal that tipped me off to the fact that that 37% single day pop could be just the beginning.
So moving forward, when you see a big jump like that, you have to ask yourself…
Is big money moving that stock? Or is it just a small rally that will soon fizzle out?
The answer could revolutionize your trading.
Trade well,
— Jack Carter |
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