Last Thursday, I told you about Oramed Pharmaceuticals Inc. (ORMP)…
This Watchlist stock was up nearly 30% in only three days from our entry trigger.
But that’s not the only Traders Daily Direction idea that has worked lately.
In fact, two stocks from this week’s Watchlist are already up nicely.
Shares of TechTarget, Inc. (TTGT), the enterprise software company, have rallied as high as 5.2% since the start of the week.
And data storage solutions provider Pure Storage, Inc. (PSTG) rallied as much as 5% from Monday’s open before settling back down.
Both stocks are still trying to emerge from their longer-term cup-and-handle patterns, however…
So, there could be more gains in the works.
Also note that while Avid Technology, Inc. (AVID) is down for the week, it never got high enough to trigger my level of $30.85.
Looking Back
Looking back to the Nov. 1 Watchlist, ORMP wasn’t the only stock that soared.
Shares of Revolve Group, Inc. (RVLV), which originally appeared on the Oct. 18 Watchlist, also saw huge gains.
From the original move above the entry trigger at $71.10, the trade would be up over 19% at Tuesday’s high of $84.75.
And from the second Watchlist appearance and the entry trigger at $75.15, the trade would be up nearly 13% at Tuesday’s high.
RVLV initially broke above the $71.10 entry trigger and then “squatted” for a few days. I’ve told you all about this before…
For a few weeks, RVLV was in Squat City.
But this actually turned out to be a good thing for this particular idea.
By Nov. 1, we still hadn’t seen the big move I was looking for, and price had contracted even further to set up an even better entry at $75.15.
Then, as the breakout above resistance began, we saw volume start to surge.
That’s always a good thing to see on a breakout.
We’ll continue to work this trade, while likely taking some profits along the way, with a sell stop at $69.40.
Are You Following?
Now, I don’t say all this to brag about my trading calls. Of course, I don’t claim to win every trade.
And I don’t worry too much about enduring losing trades, because good traders have a plan to deal with inevitable losses.
Instead, I want to make sure you know how to follow my weekly trades, and I hope this has been a helpful example.
But if you’re unsure of how to best take advantage of these weekly trades…
Be sure to check out my recent article, How to Follow My Weekly Trades, in which we walk step by step through how to know where I’m buying so that you can follow along.
Embrace the Surge,
Ross Givens
Editor, Traders Daily Direction
