Newly Listed Stock Setting Up - InvestingChannel

Newly Listed Stock Setting Up

I’ve browsed through the top 20 stocks which financial professionals are analyzing today, and came across one which could offer profit opportunities in both green and red market conditions.

Trade ideas like this can lead to fast-paced profits if you play your cards right…

When you click here now, you’ll have instant access to my report on a stock I’m looking to trade today AND the top 20 stocks which financial professionals are analyzing.

Ticker Code Ticker Name Ticker Industry Price Change Average Volume (50)*
GRPN Groupon Inc Common Stock Internet Content & Information -50.32% 2,067,572
AVAV AeroVironment, Inc. Aerospace & Defense 2.55% 283,471
TSLA Tesla Inc Auto Manufacturers 37.81% 11,859,345
IZEA IZEA Worldwide Inc Internet Content & Information 42.06% 19,793,614
TTOO T2 Biosystems Inc Diagnostics & Research 11.28% 17,731,280
LXU LSB Industries, Inc. Chemicals -1.75% 830,436
VXRT Vaxart Inc Biotechnology 70.46% 23,773,468
AMRS Amyris Inc Specialty Chemicals -6.32% 3,667,762
GNUS Genius Brands International Inc Entertainment -200.88% 94,134,011
SHLL Tortoise Acquisition Corp Class A Conglomerates 57.66% 5,857,322
IMUX Immunic Inc Biotechnology 14.66% 391,562
RBGLY RECKITT BENCKIS/S ADR Household & Personal Products 6.35% 442,027
NK Nantkwest Inc Biotechnology 49.35% 3,814,699
NIO Nio Inc – ADR Auto Manufacturers 54.84% 99,358,450
LCA LANDCADIA HOLDI/SH CL A Conglomerates 17.93% 1,985,368
AAL American Airlines Group Inc Airlines -40.39% 125,160,533
PRPO Precipio Inc Diagnostics & Research 24.60% 1,300,239
DGLY Digital Ally, Inc. Security & Protection Services 31.23% 16,445,577
WKHS Workhorse Group Inc Auto Parts 80.77% 31,996,794
MVIS Microvision, Inc. Scientific & Technical Instruments 28.28% 10,132,321

Immunic Inc (NYSE: IMUX) was recently listed on the Russell 3000. Oftentimes when stocks are initially listed, they become extremely volatile, and unless you’re a very skilled day-trader, the best move for many traders may simply be to let it breathe until they stabilize.

It has been a couple weeks since IMUX was listed, so now is the time to consider making a move.

And from a technical analysis point of view, the stock itself is resting right on its 20-day simple moving average line, a key support level.

What this means at the trading desks of financial professionals is that they can prepare to buy into healthy position sizes on a bounce off support, or short it on a break below.

The key to success when trading alongside Wall Street’s biggest players is knowing which trades they’re making, and exactly when they’re making their trades… that’s exactly how I trade!

IMUX Daily Chart

You’ll notice IMUX’s 20-day simple moving average line shown in green on the chart above. That’s a key spot for IMUX today. Given it’s a Russell 3000 stock, if it makes a move in the hours or days ahead, I expect it to be fast-paced and volatile.

Above IMUX’s 20-day simple moving average line, I’ll be looking for bullish opportunities. Below it, and I’ll be short-biased on IMUX.

While I do like where this chart is setting up today and the fact that it has been a couple weeks since listing on the Russell 3000, there’s no guarantee a volatile move will take place on IMUX today.

Therefore, I’ll be watching this stock’s price action for the next few days as well.

Happy trading,

Davis Martin
America’s #1 Options 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.

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