First of all, I’d like to congratulate you if you caught a piece of NVAX as my #1 trade idea issued yesterday…
Today I’ve taken a deep dive into information technology services, and isolated one stock which I’m almost certain we’ll see some dark pools activity in the hours or days ahead.
|Ticker Code||Ticker Name||Ticker Industry||Price Change||Average Volume (50)*|
|AMRH||Ameri Holdings Inc||Information Technology Services||50.52%||2,851,252|
|FIS||Fidelity National Information Servcs Inc||Information Technology Services||10.74%||3,748,775|
|DXC||DXC Technology Co||Information Technology Services||25.85%||5,433,631|
|IBM||IBM Common Stock||Information Technology Services||13.93%||4,774,000|
|WYY||WidePoint Corporation||Information Technology Services||32.73%||940,520|
|EPAM||EPAM Systems Inc||Information Technology Services||17.26%||348,694|
|NCR||NCR Corporation||Information Technology Services||12.68%||1,183,690|
|SWCH||Switch Inc||Information Technology Services||20.58%||1,962,590|
|CLPS||CLPS Inc||Information Technology Services||-9.63%||16,902|
|SABR||Sabre Corp||Information Technology Services||34.26%||9,884,695|
|ONEM||1life Healthcare Inc||Information Technology Services||43.26%||1,140,101|
|SGLB||Sigma Labs Inc. Common Stock||Information Technology Services||-1.10%||741,074|
|ACN||Accenture Plc||Information Technology Services||19.62%||2,144,540|
|BR||Broadridge Financial Solutions, Inc.||Information Technology Services||23.52%||691,059|
|DMRC||Digimarc Corp||Information Technology Services||27.62%||125,883|
|ISDR||Issuer Direct Corp||Information Technology Services||19.68%||62,908|
|XRX||Xerox Holdings Corp||Information Technology Services||-7.13%||3,836,028|
|III||Information Services Group, Inc. Common Stock||Information Technology Services||-32.47%||156,946|
|BRST||Broad Street Realty Inc||Information Technology Services||0.00%||14|
|CTSH||Cognizant Technology Solutions Corp||Information Technology Services||16.42%||3,915,101|
Something which professional traders like myself often look for is charts of liquid stocks which are in consolidation mode.
This means they’re simply going sideways for an extended period of time.
Why do stocks like this interest professional traders like myself?
Simple. Stocks can’t just trade sideways forever!
Eventually, they’ll need to move up or down in order to avoid boring the market and putting their shareholders to sleep… the key is identifying WHEN a move up or move down can take place, or at least catch a strong hint of what the stock may do in the hours or days ahead.
Oftentimes movement could be sparked by something as common as an upgrade or a downgrade.
The most typical way to predict a blue-chip stock’s move out of consolidation is by monitoring dark pools activity. Dark pool trades are hidden from retail traders, but about 43% of all trades are made on dark pools – and there’s no one better at isolating these “smart money moves” and acting upon them than yours truly.
Dark pool trades in which financial institutions sweep under the rug and try to keep a secret are not easy to access. Afterall, those greedy insiders don’t want you seeing them for a reason!
But I can see them… My trading arsenal allows me to spy directly on Wall Street, and use the information I uncover to help individuals just like you.
And as soon as today’s opening bell, I believe some dark pools activity could initiate on Xerox (NYSE: XRX).
As you can see in the chart above, XRX has essentially been trading sideways since March 19, 2020.
There’s little to no demand to trade this stock long or short by traders or institutions alike. At some point, a well-known blue-chip such as XRX needs to get moving, and while I cannot predict when that will be, I can pay attention to what hidden multi-million dollar transactions (dark pools) are doing, and follow their lead.
Afterall, “smart money” doesn’t typically make “dumb moves.”
XRX is currently trading right above its 50-day simple moving average line, shown in red in the chart above. If I notice increasing buying volume on this stock, I’ll be inclined to initiate a bullish position.
But I do enjoy making money on crashing stocks as well… Should XRX make a red move and short-sellers participate in that move as well, I’ll be interested in trading a short biased position if XRX trades below its 50-day simple moving average line.
With the above laid out, I’ll be watching for a possible move to take place on XRX until it actually does. Blue-chip stocks can’t trade in a $1 trading range forever!
Yours for TrackStar trading,
America’s #1 Premarket and Day Trader
Disclaimer: This is not investment advice. This article is for information purposes only and opinion-based on financial advisor data across a selection of websites. Investors should be cautious about any and all investments and are advised to conduct their own due diligence prior to making any investment decisions.