Hey, Ross here:
And here’s your actionable trade idea of the day.
Chart of the Day
Protagonist Therapeutics (PTGX) is a biotech stock in the middle of a big rally. The price has more than doubled since December and shows no signs of slowing down.
But what really caught my eye on this chart was the volume.
Notice the number of big up days.This is a clear sign of institutional accumulation.
If you want to make money in stocks, get on the same side as the funds and institutions. And they are clearly buyers in PTGX.
P.S. Want special trade prospects and potential market moves sent directly to your phone from me? Then just text the word ross to 74121.
Insight of the Day
For many stocks, the current market pullback never happened.
Take a closer look at the PTGX chart above. See how for the entire month of February, the stock has been rising – even though the market has been heavily pulling back?
Remember, because indexes are weighted averages, a single mega-cap stock falling can bring down the entire index. Small stocks like PTGX rising when the market is falling barely exert any influence over the index – but you can still profit from them.
Yes, these stocks are outliers in a sense. But they’re NOT as rare as you think – you just have to know where to look.
And one of my highest-percentage strategies for spotting stocks that are going against the tide is by looking for signs of institutional accumulation – the exact catalyst that allowed PTGX to defy the market. Click here to learn more about my system for exploiting these institutional money flows.
Ross Givens
Editor, Stock Surge Daily
