BEST STOCK PICKS TODAY 9-10-20
Trading Game Plan
Stitch Fix stock (SFIX) traded into a key level and is set for a new swing trade breakout.
The trade setup has roughly $8 profit potential. If the stock can trade above 36, I can see 40 as the next price target.
W (Wayfair) stock consolidated for two days, which is one of our favorite trading setups because is leads to larger trending days. The stock is trading 4.5% higher pre-market and sets up as a top day trading pick for today.
PENN stock price is set to open at fresh all time highs after weeks of trading sideways, so we're looking to initiate a new swing trade with an initial entry today.
GRPN stock (Groupon) traded through the 35 breakout, but failed to close above this key level. I still like the swing trade long.
Our TGT (Target) swing trade finally started yesterday so we're looking for a large green candlestick here before we add new shares to the position.
NKE stock (Nike) is a slow mover but has clear bullish order flow as it approaches all time highs. Be patient with this one.
We have a short sale trade today as well in the energy sector. It meets our criteria for bearish order flow and has profit potential.
In total we review 10 new stock picks for today.
Have a great day.
Pete