Top Trade Update - Mid March
Our experts continued to deliver profitable trades during the first half of March across a range of sectors, using different strategies. Some follow macro trends or investment themes, others choose to focus on the charts or a combination of fundamental and technical perspectives. Take a look at the commentary below and check out our blog for prior Top Trades updates. Part of successful trading is believing in a methodology and sticking to it. Looking at both their results and their approach can help you determine which experts are right for you!
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VUZI: +121% in 6 weeks – Bull & Bear Trading
Acting decisively following a successful application of emerging technology. Terry Donahue, Bull & Bear Trading said on January 22: “Vuzix is a leader in the R&D and manufacturing of augmented reality glasses. Today a first in U.S. surgical procedures took place as Vuzix AR glasses were used in a knee replacement surgery. The number of applications / use cases for these AR glasses are nearly unlimited.”
APA: +97% in 4 months – SmarTrend
This is the first time SmarTrend has been featured in Top Trades but they have delivered consistently strong results. To identify their ideas, SmarTrend models real-time pricing data, analyzes company financial fundamentals, considers corporate actions and maintains a library of 300 proprietary indicators. These algorithms generate uptrend (buy) and down trend (sell) signals. In this APA trade, patience was required but it was rewarded with a sizable payoff!
MARA: +64% in 6 weeks – RajCAP
Another Top Trade from Rajendra Parmar’s Elliott Wave-based swing trading system. Rajendra Parmar, RajCAP: “MARA was in a continuation pattern as an impulse cycle in a 60 minute time frame. The stock is directly related to the Bitcoin price as the company invested in Bitcoin. We entered when it gapped down with huge volume. The risk/reward ratio was more than 5x. The trade was a simple trend continuation pattern, which typically offers great reward potential and high probability of success.”
CPRI: +49% in 15 weeks – Whale of a Time Trends
Samantha LaDuc has been on the lookout for opportunities to profit from recovery-driven sector rotation trends since December. Here are her comments from December 2: “This name is one of the strongest recovery stocks, and has just broken a long term downtrend. We believe the stock could increase close to 50% from here over the long-term.”
MCFE: +34% in 8 weeks – Alpha Insights
Jeff Huge, Alpha Insights on January 11: “The shares of McAfee Corp (MCFE) appear to have resolved a classic patterned base formation of the “Head & Shoulders” variety. A sustained bullish inflection above $17.96 would project a measured move to around $22.50, for at least a 25% gain. Stop-loss $16.50 for a 3:1 positive risk skew.”
ALT: +23% in 1 weeks – Rick’s Picks Bold
Rick’s Picks are frequently featured as a top pick, using a disciplined technical approach. Rick Ackerman: “Altimmune is a stock that often encounters violent price moves. ALT’s chart provided us with the type of ‘mechanical entry’ that offers a great risk/reward tradeoff that we seek to deliver to our followers.”
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.