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This Large-Cap Stock Has 100% Growth Potential
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QUICK SUMMARY
Last week, we analyzed $ROOT swing trading setup when the stock was trading at $89. $ROOT ran through the $100 mark perfectly according to our swing trade analysis. (See last Friday’s Stox Newsletter or the screenshot below!)
Using Stox.io’s Midday Movers Scan, we identified more beginner-friendly Swing Trading opportunities this week. Let’s study these setups together!
This is your 2-minute reading to stay informed of the profitable plays of the week if you have been busy!
🎁 Keep reading - we are giving you 2 FREE Scans powered by Stox.io.
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$SMCI
📈 $SMCI - Potential 100% Gainer
What you should know about $SMCI?
- Super Micro Computer stock bounced off the dip after the company submitted its compliance plan to Nasdaq
- SMCI stock dropped over 60% this month due to potential delisting threat as the company failed to file its earnings for multiple reasons
- The company announced a new auditor, however, the delisting fear remains.
Type: Large-cap
What type of traders are involved?
- Event-driven Swing Traders 🐂
- Dip buy long traders 🐂
- Fundamental short-sellers 🐻
💡Stox Tips
- Calculate your position sizing based on the price level that you are willing to risk for the potential upside price target
- Use the Midday Mover Large Cap Scan on https://stox.io to find a list of the strongest bullish momentum stocks
Key interest level: $30 key support ➡️ $50 & $60
$ROOT
📈 $TSLA - Best Bull Market Stock Pick
What you should know about $TSLA?
- Tesla stock is currently driven by the bullish sentiment related to Trump’s presidential moves, Bitcoin’s bull run, A.I. sector hype, and Elon’s influence on DogeCoin.
- Nice consolidation on the daily chart, setting up for a potential breakout from the 350s
- Swing traders may risk Friday’s opening range and target an upside squeeze toward $380
Type: Large-Cap
What type of traders are involved?
- Opening Range Breakout Traders 🐂
- Momentum Swing Traders🐂
💡Stox Tips
- Assess your risk-reward using previous day’s range and key levels on the daily chart
- Check the latest News Catalysts and Short Interest % on https://stox.io
Key interest level: Previous day’s opening range
$ROOT
📈 $PLTR - Honorable mention! Stox.io’s previous stock pick!
What you should know about $ROOT?
- Root Inc. stock played out a classic technical short trap consolidation long pattern on the daily chart
- The price action reached the $100 psychology mark and continued to push towards the former high-of-day.
- While the uptrend looks beautiful on the daily chart, be aware of potential end to the bullish momentum as there is no real news and real demand to sustain the gain.
Type: Large-cap
What type of traders are involved?
- Breakout long traders 🐂
- Trend join long traders 🐂
💡Stox Tip
- Even if you’re too busy for day trading, you can still use Stox scanner to find profitable swing trades that are perfect for part-time trading on https://stox.io
FREE SCANS
🚀Midday Runners Scan by Stox.io
Take a look at the most watched stocks on our scanner results today.
Mid-Day Large Cap Stock Movers / Potential Swing Trade Scan
Mid-Day Small Cap Movers Scan
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See you next week with more exciting stocks!
Team Stox