The Newest Stealth Stocks & An Update on Our Next Session
This week saw another new high for the S&P 500 Index and even the small-fry stock index that is a bit more near and dear to my trades, the Russell 2000 Index, was positive in its trading. And there is more upside seen for the smaller stocks in the US market.
Of course, the big news was today’s jobs data from the US Bureau of Labor Statistics (BLS). The number of jobs added was way below expectations. And even with the upward revision for the prior month – the number of new jobs was a mystery.
But more jobs is good news. And adding to that news was additional data pointing to further consumer spending in the US, including the weekly Langer/Bloomberg Consumer Comfort Index that rose yet again this week.
Consumer spending from more jobs and more pay – along with more household comfort to spend – points to more growth for the US economy. And in turn, it shows the way for further gains in sales and earnings for more and more stocks in the US.
All of this is helpful for me – but not entirely needed for me to find and cash in on the right stocks inside Stealth Trades.
The stocks inside Stealth Trades are all about under-the-radar trades that don’t rely on up days or weeks in the general market.
They are all based on my proprietary analysis of their own trading and fundamentals.
And while economic data is good, it’s not entirely needed, as my stealth stocks have great data on their own to drive them higher in the coming days and weeks.
The new Watchlist is filled with great stocks, so read through my write-ups and be ready to buy at the right price levels.
To access the Watchlist for Stealth Trades, simply click here.
An Update on Our Live Session
Please note that U.S. markets and our offices are closed all day next Monday, Sept. 6 for the Labor Day holiday.
Therefore, we are canceling next Monday’s live coaching session for Stealth Trades.
Our next live session will be held the following week on Monday, Sept. 13.
I look forward to talking with you then!
Now, here are some of the introductions for the latest stocks coming to you at Stealth Trades…
The Only Pure Play on Lithium
The first company is in the business of taking lithium and making it into useable compounds.
Its products are used across various industries from battery makers, agricultural chemical companies, pharmaceutical companies as well as a host of other companies in varied industries.
Lithium is of course one of the most plentiful of elements on the planet – but it is hard to gather/mine in meaningful amounts.
And when it comes out of the ground – that’s just the start of making it work for countless products, including for batteries that have become must-have ubiquitous items the world over.
Here’s how the stock is set up with the market data:
- Surge score: 95/100
- % Above 52-wk low: 236%
- MFI reading: 60
- Sales growth: +57%
- Triple momentum: yes
Since being spun off from FMC Corporation (FMC), which is a more than century-old company that has its founding in the origins of mechanized crop chemical applications, the company is one of the only pure investment plays on the lithium market.
Technically, this company is completing a huge cup-and-handle base pattern that started back in January.
The stock has also been riding the 20-day moving average (green line) perfectly for the last month.
I’m looking to buy the breakout into new high ground above 27.28.
A Leading Diabetes Monitoring Company
The next company is a leading medical device designer focused on diabetic monitoring systems.
The frontline product provides continuous monitoring of glucose (sugar) levels in patients that can be transmitted in real time to physicians and healthcare professionals.
Diabetes is unfortunately a very wide-spread disease with dire consequences if not monitored and treated throughout each and every day.
And this company continues to capitalize on its expertise to provide lifesaving and life-enhancement services with its products.
Here’s how the stock is set up with the market data:
- Surge score: 90/100
- % Above 52-wk low: 75.7%
- MFI reading: 59
- Sales growth: +32%
- Triple momentum: yes
The company develops glucose monitoring systems for patients with diabetes.
The stock is showing a lot of strength. After a quick 66% move to the upside, shares retraced by only 8% on the pullback.
This is a sign of limited profit-taking and typically an indication that investors believe the stock has much further to go.
Technically, a high-tight-flag pattern requires an advance of at least 100%. But this one is close. And the shallow retracement gives me confidence in a continuation higher.
Stepping out to a monthly chart, this appears to be the early stages of a longer-term move higher.
The last base breakout led to a 192% move higher, so those looking for a swing or position trade may also find interest in this setup.
A Leading Outpatient Treatment Company
This company provides outpatient medical services and treatments around the US and worldwide.
It covers a wide variety of medical treatments from diagnostics to actual treatments involving heart ailments, blood, cancer and a host of other medical and health issues.
Here’s how the stock is set up with the market data:
- Surge score: 84/100
- % Above 52-wk low: 85.6%
- MFI reading: 55
- Sales growth: +36%
- Triple momentum: yes
The company’s stock rose 86% in six months before topping at 196.12 in late April.
Shares corrected following earnings, but the retracement was capped at 20% making it a healthy pullback.
Price action then tightened to a 6% range before breaking out higher last Wednesday.
As I’m writing this on Friday afternoon, it is within pennies of making new all-time highs.
Traders may consider buying a move to new highs.
Consider placing a stop in the $180-$185 range.
This level served as resistance during the summer months and should act as support in the event the stock breaks down.
Live Coaching Session
Once again, please note that U.S. markets and our offices are closed all day next Monday, Sept. 6 for the Labor Day holiday.
Therefore, we are canceling next Monday’s live coaching session for Stealth Trades.
Our next live session will be held the following week on Monday, Sept. 13.
In the meantime, you can watch replays of past sessions on the Stealth Trades website right here.
Best wishes for your trading,
Ross Givens
Stealth Trades