by Shane Ormond
On May 21, 2020
Target reported that online sales on an average day in April exceeded last year’s Cyber-Monday sale, because if you’re not going to buy a Cuisinart Perfectemp 14 Cup Programmable Coffee Maker at the end of the world, when are you gunna buy one?
Yesterday, we looked at a Daily Price Chart and an On Balance Volume Chart for Arch Capt. Grp. Ltd., noting that the stock has been in a price uptrend.
Today’s Chart of the Day is a Daily Price Chart for Global Payments, Inc. (NYSE: GPN).
Global Payments Inc. provides payment technology and software solutions for card, electronic, check, and digital-based payments. The company operates in three segments: North America, Europe, and Asia-Pacific.
Now, below is a Daily Price Chart for Global Payments, Inc.
Back in February 2019, the GPN 1-Month moving-average crossed above the 10-Month simple moving-average (SMA) indicating GPN is on a PowerTrend ‘buy’ signal (circled).
Guess what happened next…
Prices rose steadily for the next year.
If you had purchased GPN shares when the PowerTrend ‘buy’ signal occurred for the stock back in February 2019, when the stock was around $130.38, you’d be up 54.7% by now.
Not a bad profit for a less-than-a-year-and-a-half hold of a major retailer.
Now, as you can see, the 1-Month moving-average is still above the 10-month SMA. That means the bullish trend is still in play!
As long as the 1-Month price remains above the 10-month SMA, the stock is more likely to keep trading at new highs in the coming days and weeks.
We’ll be keeping our eye on this stock as it continues to trend upward so we’ll know the moment the market conditions shift and the stock begins to come back down.
Maximizing Our Profit Potential
Additionally, we’d like to talk about how a previous Chart of the Day stock has done…
On February 3rd, we highlighted Apple, Inc. (NYSE: AAPL), noting that AAPL stock had been making a series of 52-Week Highs since mid-October.
If you happened to have purchased AAPL shares on that day, you’d already be up 5.33%.
But… if you had purchased the right option contract, you would be up 72.62% in less than two weeks’ time!
That’s why we focus on leveraging options in my premium research trading and training service, PowerTrend Options.
My “X-Ray” system — based on pure, technical analysis —is what I’ve used to trade options, win international trading competitions, and support my family for the past 30 years.
Members of my service even have access to my most extensive training program ever…
A 30-day PowerTrend Academy, that uses videos, quizzes, and glossaries to help explain my system from every angle. That’s because I want you to see exactly what I’m doing — no secrets, no patented algorithms. Just the facts.
Not to mention, the service itself provides up to two trades every week.
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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 out the details if you haven’t yet!
Editor, Chart Of The Day