Could This Stock Go Higher This Week? - InvestingChannel

Could This Stock Go Higher This Week?

I’ve got a full set of stocks financial professionals are analyzing right now, and I want to share it with you.

There is a biotech stock out there with recurring price action that can create easy and consistent profits over and over again… if you know how to time it right.

That’s the exact stock I have my eyes on today!

Last time I traded it, the stock looked a little something like this…

Ticker Code Ticker Name Ticker Industry Price Change Average Volume (50)*
TSLA Tesla Inc Auto Manufacturers 44.04% 13,057,798
NIO Nio Inc – ADR Auto Manufacturers 60.15% 147,160,904
GNUS Genius Brands International Inc Entertainment -191.91% 97,651,847
SMTI Sanara Medtech Inc Surgical appliances and supplies 11.84% 3,595
INO Inovio Pharmaceuticals Inc Biotechnology 49.19% 45,753,045
SRNE Sorrento Therapeutics Inc Biotechnology 52.11% 25,773,209
VXRT Vaxart Inc Biotechnology 67.17% 27,129,360
WKHS Workhorse Group Inc Auto Parts 78.66% 36,535,041
XSPA XpresSpa Group Inc Personal Services -50.00% 15,084,884
AMZN, Inc. Internet Retail 23.11% 4,446,075
NJMC New Jersey Mining Company Gold and Silver Ores 32.14% 126,654
SPCE Virgin Galactic Holdings Inc Aerospace & Defense 17.61% 17,242,515
NVAX Novavax, Inc. Biotechnology 52.67% 7,783,854
LK Luckin Coffee Inc. Restaurants -8.37% 35,519,225
MVIS Microvision, Inc. Scientific & Technical Instruments 30.67% 9,770,505
AAPL Apple Inc. Consumer Electronics 15.99% 34,883,769
BLU BELLUS Health Inc Biotechnology -253.92% 6,274,909
LCA LANDCADIA HOLDI/SH CL A Conglomerates 27.26% 2,848,298
SOLO Electrameccanica Vehicles Corp Auto Manufacturers 72.34% 24,035,611
MARK Remark Holdings Inc Internet Content & Information -84.05% 17,635,240

On three occasions over the last three months, Inovio Pharmaceuticals (NYSE: INO) has traded sideways for days or weeks at a time, only to explode to the upside when the right news hits to help it create a move to the upside.

On its first data-driven spike, the stock went from $7 to $15 in about a week. On its second pop, INO moved from $11 to $16 in about a week. On its most recent and most lucrative pop…it moved from $13 to $31 in only four short trading sessions.

During the most recent data-driven pop in INO, the media couldn’t stop talking about how much higher it might go. While this is typically when trigger-happy traders chase stocks in hopes of finding the next Amazon or Apple, it’s when experienced traders are selling out of long positions they purchased at lower prices.

I know that’s what I was doing.

My initial entry ahead of my most recent trade on INO was backed by financial professional analysis and unusual call option activity.

INO Daily Chart

That’s exactly what I’ll be looking for today as well. I’d like to see INO remain trading above $23 and ideally see some call option sweeps come in as well.

This way I’ll know Wall Street is getting some skin in the game, and I’ll consider doing the same as well.

Afterall, INO can’t remain trading sideways forever… When it does move, I want to make some money on it and hopefully help you do the same.

If I buy into this one on any given day this week, I’ll be sure to let you know in a mid-day update.

On a final note, for fundamental details on INO, this is the link you want to click on.

Committed to your success,

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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