Fairly quiet day yesterday. I was able to collect a healthy triple-digit profit on OPK, but spent the majority of my time putting together trade ideas for today…
Let’s take a deep dive into a stock which Charles Schwab financial professionals are analyzing.
Hint: THIS STOCK traded on the dark pools three times yesterday!
“Someone” might be up to something!
|Ticker Code||Ticker Name||Ticker Industry||Price Change||Average Volume (50)*|
|GNUS||Genius Brands International Inc||Entertainment||-72.80%||64,627,724|
|ZEST||Ecoark Holdings Inc||Plastics products, misc||-2.53%||868,071|
|LK||Luckin Coffee Inc – ADR||Restaurants||5.59%||53,306,648|
|AAL||American Airlines Group Inc||Airlines||9.87%||98,543,285|
|ZM||Zoom Video Communications Inc||Internet Content & Information||-2.39%||12,712,655|
|AMGN||Amgen, Inc.||Drug Manufacturers – General||1.79%||2,912,266|
|AXP||American Express Company||Credit Services||3.55%||6,654,018|
|MARK||Remark Holdings Inc||Internet Content & Information||-18.11%||61,575,915|
|XSPA||XpresSpa Group Inc||Personal Services||8.65%||49,730,191|
|WORK||Slack Technologies Inc||Software – Application||-21.14%||20,224,858|
|PENN||Penn National Gaming, Inc||Resorts & Casinos||-15.02%||18,426,323|
|SHOP||Shopify Inc||Software – Application||0.88%||3,640,928|
|VISL||Vislink Technologies Inc||Communication Equipment||-28.09%||55,443,097|
|INO||Inovio Pharmaceuticals Inc||Biotechnology||6.90%||32,762,231|
|HEXO||Hexo Corp||Drug Manufacturers – Specialty & Generic||33.03%||21,046,680|
|BA||Boeing Co||Aerospace & Defense||14.97%||38,306,503|
|BCRX||BioCryst Pharmaceuticals, Inc.||Biotechnology||-1.16%||11,621,324|
|CSVI||Computer Services, Inc.||Data processing and preparation||4.31%||20,962|
|DAL||Delta Air Lines, Inc.||Airlines||5.24%||65,160,425|
We live in a world which has changed beyond words for individuals in 2020.
The future of “the workspace” as we know it may be working from a home office, just like I do. A work-from-home business model is cost-effective for companies, and individuals who work from home eliminate the costs and time consumption associated with commuting.
Slack Technologies (NYSE: WORK) is an online business communications platform for colleagues within the same enterprise to effectively chat and exchange messages and files with one another related to who is in charge of which assignments, project progress status, and department-specific matters.
Slack also enables employees to call each other online, eliminating any costs of long-distance phone calls, which of course, is a preference of many work-from-home professionals like myself.
The company’s product is the future of employee communication in a work-from-home setting. Almost every well-established and organized company whose employees work from home already uses their product. Their subscriber base is expected to grow as a result of the Coronavirus pandemic.
As you can see on the chart above, WORK has pulled back about $9/share from recent highs and is trading very close to its 50-day simple moving average line support. That is where I want to be a buyer.
WORK hit dark pool prints three times yesterday. Three times in one day! The stock has been consolidating for three trading sessions in a row now… Does someone know something we don’t? It’s possible!
While Federal Reserve Chair Jerome Powell is speaking today, which may lead to lighter volume, I will be looking to take a starter position in some WORK call options if it trades around $31/share.
If I make this move today, I’ll send you an email alert!
Yours for TrackStar trading,
America’s #1 Premarket and Day Trader
P.S. Every single day this week I’ll be posting a brand new video lesson on this Twitter account. I’ll be covering tactics which have helped accelerate my trading in 2020, one day at a time. Follow this link.
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.