Top Trade Update - Early April
Our experts continued to book solid top trades during the first half of April. There are four new companies and two new experts in this list. Follow these experts and others on the Trade Exchange App. If you have not done so already, download it in the App Store or on Google Play.
If you have not checked out the app recently, now’s a good time to take a look. We’re showing additional detail to give you a better sense of the trade prior to unveiling it. Also, read more about the experts you are following under “Following” or look for others by clicking on New Experts. Hit the Details button or the expert’s name to learn more about their approach and see all the closed trades they’ve provided on the Trade Exchange.
VUZI: +51% in 10 days – Raspo’s Swing Trades
A new expert delivers April’s top trade on a familiar name. Josh Raspopovich: “Vuzix is an AR-smart glasses company riding tailwinds from Covid shutdowns. Their existing contracts with the Department of Defense, Verizon and leading healthcare organizations are just the beginning of the exponential growth that is starting to be realized. The company CEO believes their upcoming consumer product has the potential to replace/augment smartphone usage as we know it. ARK Invest began adding shares two weeks ago, and we are buying the dip before this start making new highs again soon.”
PLBY: +42% in 1 week – viditrade
A decades-old company delivers a lucrative return within a week. “Playboy, yes that one, has recently tripled up to $32. This week’s pullback is attacking my line in the sand at $24, which now allows one more upleg, approaching $38.50.”
OPTT: +23% in 2 days – Tom’s Stock Picks
One of our experts describes his thought process as he delivers and updates ideas for his followers. Tom Waller: “The company had an acquisition in early February (3Dent Technology) and also had a patent approved earlier this year. I was aiming to buy below $2.80 for a swing and set the entry price at $2.95 so the trade would be visible to customers for longer. The chart started to look weak two days later, so I provided an update to book profits around $3.30.”
BAC: +22% in 8 weeks – SmarTrend Premier Portfolio Trading Ideas
Some top trades emerge from mega-cap stocks. To identify their ideas, SmarTrend uses a library of 300 proprietary indicators, which yield buy and sell signals. When the timing is right, a sum total profits taken across short time periods can yield greater profits than a single trade over the longer term. Their algorithm generated a buy signal for Bank of America in mid-February and booked a nice profit two weeks ago.
LNDC: +17% in 4 days – Aspen Trading
This opportunity was uncovered through a combination of objective and subjective technical indicators. Dave Floyd, Aspen Trading: “Objectively, the 1-month rate of change crossed below -15%, which has historically represented strong mean-reversion opportunities. We also got a subjective indicator, a rounded ‘cup’ of support where support intersected with .618 Fibonacci retracement.”
MSTR: +16% in 3 weeks – Peak Analytics Technical Trade Alerts
Bitcoin volatility yields other opportunities to capture short-term profits across the crytocurrency ecosystem. Tim Walsh, Peak Analytics: “We see BTC/USD completing what appears to us to be an “abc” downside correction and fully anticipate a short-term rally to commence as long as support holds at 50,358.09. We are playing this anticipated move up in BTC via shares of Microstrategy (MSTR). When things are good for BTC, things are typically great for MSTR.”
DISCLAIMER: While these ideas (dates, times and purchase/sale prices for entry and exits) have been documented within Trade Exchange’s system, these are examples of past performance and not an indicator or promise of future performance. Individuals who follow experts featured on the Trade Exchange assume all risks and take full responsibility for unveiling and following ideas, whether they execute trades in their linked brokerage account through the Trade Exchange app or in their brokerage accounts that are not linked via the Trade Exchange app. Trade Exchange strongly encourages everyone to review all the trades posted by a partner, as many lose money. All results – including entry and exit prices – are available for review.