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!
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.