SPWH | Stocks Trading Idea of the Week

Stocks Trade of the Week Wisdomtree Investments (SPWH)

Fresh off a strong earnings report and catching the short sellers leaning the wrong direction, SPWH is showing up on multiple Trade Ideas scans. These optimized scans show a strong base for a company that has positive bottom line earnings. The “Trend Change Lubricant” scan window shows SPWH to have 36% of the float held by short sellers. Squeezing the shorts has been what is working so far in 2017 so we are staying with that theme. SPWH is also showing up on a high volume options scan (Option Play Magic).

image of SPWH Daily Chart

The Trade of the Week on SPWH is live at the opening tick on Monday.

SPWH closed at 5.70 on Friday. The suggested stop for this position is to remain above 5 dollars, so 4.98 will be the suggested stop. The suggested target is 7.75. There is a possibility that SPWH may gap up on the open so be prepared to consider this when sizing your risk. You may get a lower price or you may have to buy higher.

image of stocks scanner with SPWH highlighted

image of options magic play scanner with SPWJ highlighted

image of Trade Ideas banner

image of profit and loss for trade ieas 2017Footnote:  This is a table showing the maximum profit for all past 2017 Trades of the Week. Timing the top is impossible but this table shows how much alpha was possible when considering the exit of these positions. The trades outlined in red eventually hit their suggested stop prices, so you can see the importance of timing and harvesting profits along the way when you can, especially those that move above 10%.

 

*Assumptions
Targets are not absolute. Targets involve timing. Profits can and should be harvested along the way.
Risk to Reward ratio ideal is 1:3
Trades of the week that do not reach entry prices are not considered live and are expired at the end of the current week. (ORCL and JNPR)

TOW Rules: 20% Rule.  If a performance is up 10% and gives back 20%, take the 8 and run. (Profit Save, Trailing Stop).

Stocks that gap up over the entry price are considered up to the discretion of the buyer as to the entry price (WETF)

 

 

 

You can also get Free Access to our Stocks Alpha Predator Scanner and Strategy here on My Trading Buddy – To Register for Free Access Click-the-button.-See-what-happens.-I-dare-you

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Founded in 2002, Trade Ideas software was created to be an edge for traders by accomplishing what no human can doówatch every trade of every stock and alert to profitable activity. TI Proís OddsMaker backtests and optimizes your strategies against the entire market, not just a basket of stocks. Donít spend hours researching, pouring over charts, or programming backtests. Get the Trade Ideas Advantage. Find. Test. Invest.

Trade Ideas

Founded in 2002, Trade Ideas software was created to be an edge for traders by accomplishing what no human can doówatch every trade of every stock and alert to profitable activity. TI Proís OddsMaker backtests and optimizes your strategies against the entire market, not just a basket of stocks. Donít spend hours researching, pouring over charts, or programming backtests. Get the Trade Ideas Advantage. Find. Test. Invest.

    2 thoughts on “SPWH | Stocks Trading Idea of the Week

    • mike_pq4@yahoo.com'
      May 24, 2017 at 1:58 pm
      Permalink

      was this supposed to be a long or short? It seems that after it was set as stock of the week it went only down.

      Reply
    • paul@mytradingbuddy.com'
      May 25, 2017 at 6:42 am
      Permalink

      was a long with Stop loss at $4.98 so trade is still play with a close at $5.55 on wednesday – this weeks low has been $5.32

      Reply

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