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Trade of the Week

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Bullish Setup in Top Platform for Luxury Fashion

FarFetch (FTCH) shares setting up well for a continuation breakout higher with a bullish 8/21 EMA cross late last week and MACD crossing over bullish too. Shares cleared a small wedge late last week after pulling back to VWAP from the May lows and above $52.20 has a...

Alcoa (AA) Trade Idea

Alcoa (AA) setting up well in a falling channel from the May highs and poised to break out above $38 and a big volume shelf. A breakout has room up to $41 and the prior highs and then a measured move to $52-$53. AA has a lot of bullish open interest including buyers...

Trade Idea in Zoom Video (ZM)

Zoom Video (ZM) shares pulling back just above the rising 50-MA, the top of March value, and recent four-month base breakout setting up a nice risk/reward for a run back near the highs for the year. ZM made a huge run in 2020 up to $550 and pulled back to the 50%...

Salesforce (CRM) Trade Idea

Salesforce.com (CRM) shares consolidating in a multi-week range under $245 with the rising 21-EMA below Friday’s lows setting up a nice risk/reward for a move higher. CRM has seen narrowing closes over the last three weeks and a move above $246.50 has room up to $255...

Chewy (CHWY) Trade Idea

Chewy (CHWY) shares consolidating above the rising 8- and 21-EMA and just below a big volume node from March and April at $83. A move outside of June value and through $80 has room up to that key VPOC and then a big gap from $86.50 to $97.50. CHWY has seen some size...

Netease Sets Up with Notable Call OI

NetEase (NTES) putting in a reversal candle on Friday and back last week just above the prior range breakout and the 21-MA, nice risk/reward setup in the name that has seen bullish flows accumulate. Friday’s low was also right at VWAP from the May low. Shares gapped...

Trade of the Week: Yeti (YETI) Calls

Yeti (YETI) shares holding up well recently and flagging above the rising 50-MA and prior range with plenty of room for upside on a breakout. The May value-area high is just above at $88.25 and a breakout has a measured move to $100. Shares closed above the 8-, 13-,...

IAC Interactive (IAC) Trade of the Week

IAC Interactive (IAC) shares back at a strong risk/reward spot after pulling off of 52-week highs recently and setting up well for a run higher and move out of a three-month range. A breakout back above $235 gets shares through their short-term moving averages and to...