Weekly Update: This Pullback Hasn’t Stopped My Stealth System
I have just wrapped up my latest Watchlist inside Stealth Trades. And we have some interesting stocks that are performing under the radar of the general stock market.
They are providing us with some great opportunities to buy just before others are catching on to the big drivers for profits that I see as very much underway.
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.
Live Session Reminder
Monday, at 3:00 p.m. EDT, we’ll be hosting our regular weekly coaching session for Stealth Trades.
I will be recapping our portfolio and going through the newest stocks added to the Watchlist.
You really need to attend these with me to get the full benefit of your subscription.
We’ll send you a log-in reminder that morning, just so you don’t forget.
Now, here are the introductions for some the stocks coming at you in Stealth Trades:
A Focused Communications Company
Our first stock is a Santa Monica, California-based broadcasting and communication services company. It operates television, radio and digital business segments, with 54 television stations and 48 Spanish-language radio stations.
It also offers digital advertising solutions and operates a segment that sells ads and syndicate radio programming.
Here’s how the chart is setting up:
And here’s how the stock is setting up with my Stealth System:
- Surge score: 98/100
- % Above 52-wk low: 331%
- MFI reading: 58
- Sales growth: +295%
- Triple momentum: yes
From a technical perspective, the stock has made a series of higher highs and higher lows for the last five months.
The stock is up big, and traders finally have a low risk point from which to enter.
Sales and earnings have grown by triple digits in each of the last three quarters, and analysts are projecting further growth through 2022.
A pivot has formed at $7.73. And I’ll be using the Sept. 29 low as a stop.
A Biotech Battling Cancer
The next stock is a clinical-stage biopharmaceutical company that focuses on developing and commercializing cancer immunotherapy drugs.
Its product pipeline currently includes drugs for the treatment of prostate and pancreatic cancers as well as those that specifically target tumor cells while minimizing harmful effects on healthy tissue.
Here’s how the chart is setting up:
And here’s how the stock is setting up with my Stealth System:
- Surge score: 93/100
- % Above 52-wk low: 92.4%
- MFI reading: 70
- Sales growth: +0%
- Triple momentum: N/A
This is a recent initial public offering (IPO) forming its first base.
As an early-stage biotech, the company has no sales or earnings to evaluate, so we are putting a large emphasis on the price action.
IPOs have been hot this year. Several have delivered huge gains in the opening weeks and months, and this could easily be the next big winner.
My maximum risk is 10% on the trade. However, if you want to give it a little more room, you could work a stop beneath last Monday’s low at $9.40.
A Long-Standing Education Company
The next stock is a Boston, Massachusetts-based learning company that was founded all the way back in 1832.
It offers educational products like textbooks and digital courseware as well as printed and digital fiction and non-fiction consumer books, dictionaries and reference works to schools, libraries and businesses.
Here’s how the chart is setting up:
And here’s how the stock is setting up with my Stealth System:
- Surge score: 99/100
- % Above 52-wk low: 551%
- MFI reading: 64
- Sales growth: +43%
- Triple momentum: yes
With a Surge Score of 99/100, this is the Lamborghini of stocks. It is in the elite top 1% of stocks outperforming all others in the market.
After an earnings gap higher in early August, shares have been consolidating in the textbook compression pattern with clear resistance.
Note the volume over the last two weeks. Down days saw very little volume while positive days experienced much higher volume.
This is a good sign, as it is likely indicative of further institutional accumulation. In other words, the big players are still buying it.
I will be looking to buy shares on a breakout to new high ground.
A Leading Casual Dining Restaurateur
Lastly, this Orlando, Florida company owns and operates a series of casual to higher-level restaurants around the US.
After being locked down or at least staying at home or closer to home, we’re all getting out and about. And this includes venturing back to getting a bite to eat with family and friends beyond our kitchens and dining rooms.
This company has specialty chains of sit-down restaurants that include iconic brands that are ubiquitous in suburban markets nearly everywhere.
Regardless of tastes or desires, from fish to steaks and chops as well as health-forward specialties, this company has the products to offer.
Here’s how the chart is setting up:
And here’s how the stock is setting up with my Stealth System:
- Surge score: 80/100
- % Above 52-wk low: 74%
- MFI reading: 45
- Sales growth: +51%
- Triple momentum: yes
And it is getting customers rapidly again. Sales at its operations are up by 50.98% for the recent quarter and while not out of the woods, it is demonstrating how to run restaurants profitably in the current environment.
This includes food cost challenges, labor shortages as well as the newer regulatory measures. So, it is already proving that it knows how to deliver plates that its customers want and need at a profit.
Live Coaching Session
Monday, at 3:00 p.m. EDT, we’ll be hosting our regular weekly coaching session for Stealth Trades.
We’ll send you a log in reminder that morning, just so you don’t forget.
We’ll cover all of our new stocks on the Watchlist as well as the rest of the stocks inside Stealth Trades.
You need to attend this session to get the most from your subscription.
In the meantime, you can watch the replay of our latest Stealth Trades session right here.
Best wishes for your trading,
Ross Givens
Stealth Trades