Stocks Trading Idea of the Week is for Sunrun Inc | RUN

$RUN Stocks Trading Idea

In the interest in staying with what has been working, Trade ideas technology is giving us a few contenders that look to push to new 52 week highs with the help of short sellers capitulating and creating yet another short squeeze in this market environment.  Sunrun Inc. (RUN) has caught our eye as such a candidate from the “Squeeze Me” scan. – for the stocks trading idea of the week.

The suggested entry price of buying RUN is conditional of the stock trading above 7.35 this week.

RUN has earnings in 11 trading days and also a short float of 28%; meaning 28% of the stock holders might start buying their shares back if RUN trades too far above 7.35. This could potentially propel RUN higher over a few days of “short squeezing” the short sellers.

image of Stocks trading idea scanner for RUN

Stocks Trading Idea Setup for RUN

The suggested stop for RUN will be a trade back below 6.85. The suggested near term target on the daily chart will be 8.40 which is a resistance level going back to May of 2016. The risk is 50 cents and the reward is 1 dollar on this Trade of the Week idea. As always size your position to allow for 50 cents of risk should this trade not work. Managing risk is always our number one priority.

image of Stocks trading idea chart for RUN

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Footnote:  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%.

image of stocks trading ideas results*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)
Happy investing!
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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.

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