A Stock Trading in its Sweet Spot

Here’s how I’ve kick-started trading Wall Street’s best-kept secrets this week…

There’s a biotech stock on financial professionals’ radar today… it’s one of my personal favorites to trade.

It’s even trading right at its sweet spot…

Ticker Code Ticker Name Ticker Industry Price Change Average Volume (50)*
SRNE Sorrento Therapeutics Inc Biotechnology 60.49% 27,838,973
AAPL Apple Inc. Consumer Electronics 26.03% 36,990,028
TSLA Tesla Inc Auto Manufacturers 41.79% 15,171,451
INO Inovio Pharmaceuticals Inc Biotechnology 42.58% 49,429,288
MIST Milestone Pharmaceuticals Inc Biotechnology 62.04% 10,074,879
AMD Advanced Micro Devices, Inc. Semiconductors 32.24% 65,725,008
KODK Eastman Kodak Company Specialty Business Services 82.53% 24,150,130
AMZN Amazon.com, Inc. Internet Retail 20.93% 5,424,006
SMTI Sanara Medtech Inc Surgical appliances and supplies 2.36% 6,373
IBIO Ibio Inc Biotechnology 62.61% 41,707,198
ATGN AltiGen Communications, Inc. Telephone and telegraph apparatus 27.66% 52,078
INTC Intel Corporation Semiconductors -30.37% 35,217,878
VBIV VBI Vaccines Inc Biotechnology 51.39% 16,844,665
OCGN Ocugen Inc Biotechnology 56.60% 52,642,280
RNET RigNet Inc Oil & Gas Equipment & Services 59.59% 2,362,725
PRPO Precipio Inc Diagnostics & Research 70.03% 5,471,761
SNSS Sunesis Pharmaceuticals, Inc. Biotechnology -33.33% 17,284,947
MVIS Microvision, Inc. Scientific & Technical Instruments 48.00% 13,404,700
XSPA XpresSpa Group Inc Personal Services -26.11% 8,612,293
KNDI Kandi Technologies Group Inc Auto Manufacturers 56.14% 8,645,713

Inovio Pharmaceuticals (INO) has quickly become one of my favorite, possibly my single favorite biotech stock to trade stock options on in 2020.

Today it’s being analyzed by financial professionals… ranking #4 on stocks they’re researching.

As a stock which makes frequent appearances on unusual options activity tape and dark pool prints, when this one moves, it can create fast moving, low-priced, lucrative returns.

And who doesn’t love putting trades like that in their pockets?

INO is currently trading right on its 50-day simple moving average line (red line below), which is a critical support level.

Now, please write this down…

My favorite time to start keeping an eye on fast-moving stocks is when they’re trading sideways!

I’ve found it drastically increases my probability to catch their next big move if it happens… rather than simply watching it pass me by and thinking… “darn I wish I had kept a closer eye on that one.”

Coincidentally, oftentimes when fast-moving stocks make appearances on unusual options activity tape and dark pool prints – they are trading sideways (a.k.a. Trading in consolidation).

So… I don’t think I’m the only trader in the world who likes to prepare for moves BEFORE they happen!

With INO trading fairly sideways this morning right on its 50-day simple moving average line support, with increasing buying volume and call option volume, it could be poised for its next pop to the upside…

Below its 50-day simple moving average line, and INO actually has about $4 worth of downside which it could cover.

While we don’t know what INO’s next move will be, I believe it’s in a perfect spot to monitor very closely as traders.

Today I’ll be doing exactly that…

And if INO makes an appearance in unusual options activity or on the dark pools, I’ll be sure to notify you mid-day.

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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