Top Trade Update - Late March
Our experts closed the first quarter of 2021 with more Top Trades. Over the quarter, there were 127 ideas booking gains of over 25% and 39 trades with gains of over 50%. Take a look at the commentary below and read our prior Top Trades updates. Our experts employ different approaches to generate ideas: some use completely objective technical screens and others do their own analysis to determine how to react to sudden market movements. Choose experts that align with your investment philosophy on the Trade Exchange!
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VUZI: +61% in 2 weeks – Bull & Bear Trading
This is not a typo – another big gain with VUZI, an augmented reality leader. VUZI was just featured as a Top Trade in our last issue. Terry Donahue from Bull & Bear Trading closed a 122% gain on March 2, selling at $25.32. Terry issued another buy alert on March 5 at $16, well below his exit price 3 days earlier. Just two weeks later Terry booked a 61% gain, exiting at $25.04.
CLF: +39% in 24 weeks – Peak Analytics & Consulting
This is the first time Tim Walsh and Peak Analytics & Consulting has been featured as a Top Trade: “We saw CLF complete a nearly perfect “ABC” downside correction at the end of February and projected a move approaching $19 from an entry at $13.32. Fundamental pressures – including price inflation on materials and expansion of global GDP post-pandemic – lent to this technical set-up working out very well.”
SKLZ: +34% in 1 week – Tom’s Stock Picks
Tom Waller delved deeper than a short seller’s cursory analysis. “A short selling report knocked SKLZ down below $25 in early March. I read the short report and they clearly didn’t do their research. One of their claims was that the NFL made no mention of them, but a simple google search proved them wrong – this was a buying opportunity. SKLZ had a pending earnings report, which meant they could not respond to the report. I planned to hold for longer than a week, but the rebound happened a lot quicker than I expected.”
LQDT: +32% in 3 weeks – RajCAP
Another Top Trade from Rajendra Parmar’s Elliott Wave-based swing trading system, which uses crowd behavior to analyze market patterns. Rajendra Parmar, RajCAP: “LQDT was in continuation pattern with an impulse cycle in a 240 minute time frame. It was perfectly corrected before the final move higher. We entered at $15.82 and exited in a little over 3 weeks stock at $20.95. The trade was a simple trend continuation pattern, which works well especially when market is in the same direction of trend. This type of trade typically offers a great reward potential and high probability of success.”
DISCLAIMER: While these ideas (dates, times and purchase/sale prices for entry and exits) have been documented within Trade Exchange’s system, these are examples of past performance and not an indicator or promise of future performance. Individuals who follow experts featured on the Trade Exchange assume all risks and take full responsibility for unveiling and following ideas, whether they execute trades in their linked brokerage account through the Trade Exchange app or in their brokerage accounts that are not linked via the Trade Exchange app. Trade Exchange strongly encourages everyone to review all the trades posted by a partner, as many lose money. All results – including entry and exit prices – are available for review.
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