Stock Surge Daily
With a Setup Like This, I’m Expecting Big Things From Chinook Therapeutics
Today, I want to revisit Chinook Therapeutics, Inc. (KDNY) and cover the latest move in the stock. Regular readers will know Chinook, as it was included on our Watchlist for the last two weeks… But it also became an official recommendation in my premium Alpha Stocks trading service this week. In fact, I actually recommended … The post With a Setup Like This, I’m Expecting Big Things From Chinook Therapeutics appeared first on Stock Surge Daily.
Why I’m Looking for Multi-Year Moves Out of These Big Bases
Regular readers know that big bases can lead to big breakouts… This price pattern is characterized by a relatively tight trading range following a large move up or down. Not much happens inside the base, and there isn’t much opportunity for profit trading within a base. However, these bases are where large, institutional investors accumulate … The post Why I’m Looking for Multi-Year Moves Out of These Big Bases appeared first on Stock Surge Daily.
Here’s a Stock You Might Like…
US stocks opened lower Tuesday morning after the market holiday on Monday, but they climbed back throughout the day to end flat. And leading the rebound again were biotechs like Alkermes plc (ALKS), a $5 billion biopharmaceutical company focused on developing treatments for mental illness, addiction and cancer. The stock was up 3% on Tuesday … The post Here’s a Stock You Might Like… appeared first on Stock Surge Daily.
Bullying a Weak Stock for Strong Downside Gains
I explained in a recent article that when you set out to short a stock, you need to act like the typical school yard bully… Remember… A bully doesn’t pick on the strong, confident kids in class. A bully seeks out the weakest of the weak and picks on them over and over again. Well, … The post Bullying a Weak Stock for Strong Downside Gains appeared first on Stock Surge Daily.
Watchlist Week of July 4th, 2022
Chinook Therapeutics, Inc. (Long Idea) I added Chinook Therapeutics, Inc. (KDNY) to the Watchlist last week, and it did not rise enough to hit our buy trigger. As I mentioned in the previous update, KDNY is a biotech stock coming out of a huge two-year base pattern. Surge score: 97/100 % Above 52-wk low: 79% Sales … The post Watchlist Week of July 4th, 2022 appeared first on Stock Surge Daily.
Watchlist Update: Still No Real Sign of a Bottom
As I write this on Friday afternoon, the Nasdaq is down 5.6% for the week. As expected, the recent short-term bounce was a great opportunity to take a few short trades from better entry points. And if you took the short trade idea in ZIM Integrated Shipping Services Ltd. (ZIM) last week, you are sitting … The post Watchlist Update: Still No Real Sign of a Bottom appeared first on Stock Surge Daily.
How We Played the Breakout in ProPhase Labs
We’ve been knocking it out of the park over at my Alpha Stocks research service lately. Even with the bears running wild this year, we’ve been finding winning trades on both the long and short side. I’ve told you about our short trade in Pegasystems Inc. (PEGA) we closed back in May for a combined … The post How We Played the Breakout in ProPhase Labs appeared first on Stock Surge Daily.
How BTC Fanatic Michael Saylor is Trying to Dig Himself Out of a Hole
Back in April, I explained that I am always shocked by the trust investors put in awful money managers like ARK Invest CEO Cathie Wood. As you’ll recall, Wood manages the ARK Innovation ETF (ARKK). When that article was published, the growth-oriented fund was down 70% from last year’s high and trading around $47 per … The post How BTC Fanatic Michael Saylor is Trying to Dig Himself Out of a Hole appeared first on Stock Surge Daily.
How to Spot Sector Rotation Before the Next Big Move
In Monday’s Watchlist Update, I explained that the new leaders of the current market environment seem to be biotechnology companies. Chemical, shipping and energy stocks had their run earlier this year, but as time went on, investors started to look for the next hot sector. This is sometimes called a “ sector rotation,” and it … The post How to Spot Sector Rotation Before the Next Big Move appeared first on Stock Surge Daily.
Why BTC Has Further to Fall
More trouble is brewing in the world of digital currencies… The rout in the digital asset market has been happening for a while, but we are now starting to see how plunging coin prices are affecting real companies in the space. After suffering big losses in various coins, digital asset hedge fund Three Arrows Capital … The post Why BTC Has Further to Fall appeared first on Stock Surge Daily.
Watchlist Week of June 27th, 2022
Chinook Therapeutics, Inc. (Long Idea) Chinook Therapeutics, Inc. (KDNY) is a biotech stock coming out of a two-year base pattern. Here’s how the chart is setting up… And here’s how the stock is setting up with my Stock Surge Indicator (SSI)… Surge score: 97/100 % Above 52-wk low: 79% Sales growth: +671% Return on Equity: … The post Watchlist Week of June 27th, 2022 appeared first on Stock Surge Daily.
Watchlist Update: Certain Stocks Starting to Show Promise
It is vitally important to watch which stocks are making highs when the market is making lows. This is usually the next group of market leaders that can advance several hundred percent once the next bull market begins. Chemical, shipping and energy stocks were the clear leaders in 2022. But their reign quickly came to … The post Watchlist Update: Certain Stocks Starting to Show Promise appeared first on Stock Surge Daily.
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