Hi Traders, Licia Leslie here.
Each week, Mark and our trading team goes live for the Ticker Highlight Show – where we each pick a stock we love and a stock we hate that week. Mark uses his cheap options scanner to craft a simple, directional trade that we give to you for FREE. We go live Monday at 10 a.m. ET, but we like to tell you about the picks we’ll be talking about beforehand. My Long Pick: SMCI My favorite stock this week is Super Micro Computer (Ticker: SMCI), check it out:
This stock has been consolidating for so long, going back to May 21st, a month! Once it breaks out, it is going to fly. I like SMCI above $44.50 to trade to $52.75. A really nice move. My Short Pick: JNJ I have to admit it is difficult to find a stock to go short or that I want to sell. Johnson & Johnson (Ticker: JNJ) is a possibility:
It is sitting on support here with MACD turning bearish just about ready to cross zero on the histogram, which is a bearish signal. If it breaks down and closes below $151, I think it can trade $146.25 and possibly down to the median line at $142.81. Will one of these two stocks turn into our free options trade on Monday? Find out during the Ticker Highlight Show! Click here to add it to your calendar.
Trade Accordingly, | 