Before we get to that though, let’s review.
In Altucher’s Secret Income, James recommends selling five PDF Solutions (NASDAQ: PDFS) Feb. 21, 2020, $17.50 puts.
For additional upside, also buy two PDFS May 15, 2020, $17.50 calls. Read on…
After that, James sent a profitable Secret Income exit alert. Sell Telaria (NYSE: TLRA) at market. Go here to learn more.
In the Top 1% Advisory, James uses the U.S.-Iran conflict as a lesson in managing emotions in investing. Go here for more.
Then, we rang the register in Altucher’s Weekly AlphaBrain Alert. Sell to close Planet Fitness (NASDAQ: PLNT) Feb. 21, 2020, $72.50 calls. Here are the full details.
Finally, we published the January issue of The Altucher Report, found here.
In Altucher’s 420% Syndicate, James reveals his 2020 outlook for cannabis ― and how you can impact it. Here’s the full update.
In Altucher’s Weekly AlphaBrain Alert, James sent two new recommendations.
First, buy to open Atlassian (NASDAQ: TEAM) March 20, 2020, $140 calls.
Then, buy to open Slack (NYSE: WORK) April 17, 2020, $22.50 calls. Here’s the full alert.
Later, James’ discussed bitcoin’s recent price movements in Altucher’s Investment Network. Read on…
We started Friday with a Crypto Trader update from James. Read it here.
Finally, The Altucher Report highlighted some reader responses to the question, “What did you do to reinvent yourself recently?” Go here for access.
Enjoy your weekend!
A fresh batch of internal communications from Boeing employees reveals that pretty much everybody involved knew the 737 MAX was a flying garbage fire but prioritized cost-saving measures over the lives of their customers and employees.
Yesterday, we looked at a Daily Price Chart chart of Invitation Homes, Inc. and noted that the stock had been making a series of 52-Week Highs.
Today’s chart is for Mid-America Apartment Communities (NYSE: MAA).
MAA is an S&P 500 company and a real estate investment trust, or REIT.
Its focus is delivering full-cycle and superior investment performance for shareholders through the management, acquisition, development and redevelopment of quality apartment communities in the Southeast, Southwest, and Mid-Atlantic regions of the United States.
The Daily Price Chart below shows that MAA has traded in a clear bullish pattern of higher highs and higher lows since January.
Track the Price Chart from the lower left to the upper right…
This bullish trading pattern points to a further advance.
You see, typically stocks that make a series of two or more higher highs and higher lows reliably continue on in an upward trend.
But it’s important to note that strong stock rallies have pullbacks along the way.
These pullbacks present a buying opportunity for us.
Purchasing MAA after a 3 to 5% price pullback has provided a good entry point for the stock this year, and has produced a healthy return.
We’ll keep watching MAA as it tops its previous highs and waiting for price pullbacks.
Editor, Chart Of The Day