by Shane Ormond
On Feb 20, 2020
Shares of Groupon and Blue Apron tanked yesterday after their quarterly reports reignited skepticism about the companies’ “unconventional” business models. (And by “unconventional” I mean “doesn’t work.”)
Blue apron, groupon, e-trade, morgan Stanley
Blue apron, groupon
Yesterday, we looked at a Keltner Channel chart of Vanguard Health Care ETF and noted that it was on a pullback from being overbought.
Today’s chart is for Agilent Technologies, Inc. (NYSE: A).
Agilent Technologies, Inc. provides application focused solutions to the life sciences, diagnostics, and applied chemical markets worldwide.
Now, the Daily Price Chart below shows that A has been making a series of 52-Week Highs since early December.
When a stock hits a new 52-Week High, savvy traders know it’s in a very powerful up trend.
Stocks in a price uptrend, as we know, do not advance in a straight line.
There are always price retracements along the way.
A experienced periodic price pullbacks during its strong advance since early December.
Traders can get a lower risk entry point after a 3 to 5% price retracement as the stock normally resumes its price up trend after such retracements.
Maximizing Our Profit Potential
On October 2nd, A stock shares had a pullback after being temporarily overbought.
If you had purchased A shares on October 2nd when it was trading around $73.35 per share, you currently would be up 20.82%.
A great return for simply holding stock shares for just over three months.
But…if you had purchased the right option contract on October 2nd you would now be up 223.0%!
That’s after only one trade!
That’s why we hunt for these kinds of opportunities in our elite trading and training service, PowerTrend Options. Choosing the right option can completely change your life.
In fact, that’s the whole thesis of that options service — the right trade has the power to set you on the path to living the life of your dreams.
But we know that some people like to walk before they run… and so we designed a class just for them, called the Thunderbird Options Course. Complete with syllabus, videos, and quizzes. Check it out if you haven’t yet!
And don’t worry, we’ll be sure to continue following Agilent Technologies, Inc. as it climbs to new heights, and watching for price retracements.
Editor, Chart Of The Day