Trade Alert: Post-Earnings
With Tesla's move today, three of our open trades are on track for 200% gains. Let's go for a fourth.
Three Trades On Track For 200% Gains
As we mentioned in our Exits post on Saturday, two of our open trades were on track for 200% gains, one on SalesForce (CRM 0.00%↑), and one on Carvana (CVNA 0.00%↑).
With today’s move in Tesla (TSLA 0.00%↑) shares, we now have three trades on track for 200% gains. The max gain (of about 207%) for our Tesla trade in the post below is with Tesla trading over $205; Tesla is trading at about $229 as I type this.
Another Post-Earnings Trade
Today’s trade is another post-earnings trade. Like SalesForce, this is a stock that dropped post-earnings, but unlike SalesForce, this one beat on both earnings as well as revenues. Like SalesForce, this growth tech stock now has a Chartmill Valuation Rating of 6 (on a scale from 0 to 10). Some other ratings it currently has:
Profitably: 8
Health: 7
Growth: 7
Technical: 10
Piotroski F-Score (on a scale of 0 to 9): 8
I placed a limit order on this one a couple of weeks ago, and it just filled today. This is a bet that the stock will climb about 3% from here over the next few weeks. If it does, we’ll be able to exit for about a 200% gain.
Details below.
Today’s Trade
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