Swing Trade Stock of the Week: ONCE | Bulls on Wall Street

Swing Trade Stock of the Week: ONCE

If you are a swing trader, you must know what makes for an explosive stock.  The best swing trade setups have:

1) a catalyst

2) a move over a major support level

3) strong price action

4) volume that propels the stock

5) a sector that is on the move along with the stock

6) the “it” factor

What is the “it” factor?  It can’t be defined, but you know it when you see it.  Right now, many “it factor” stocks are recent IPOs.

ONCE satisfies 5 of the 6 requirements for a great swing trade setup.  The fact that it is an IPO and is being talked about qualifies as a catalyst in this market. It broke out over it consolidation range at $49 (2) & (3), is in the market leading biotech sector (5) and again, is an IPO in a hot sector (6).

While it lacks explosive volume, it won’t take much to make it move and intra-day volume suggests accumulation.

I will look to enter on a pullback to the consolidation range.

Come check out our FREE TRIAL for our Part Time Traders service.  This service is great for those that work and cant monitor the computer all day. We have indepth nightly reports on the gameplan for the day/week and all stock picks that I trade will be alerted and emailed to you.

https://bullsonwallstreet.com/swing-trading/

ONCe 2-22-15

My focus list is, market analysis and trade alerts are all featured in the Market Speculator Part-Time Swing Trade Report. If you would like to receive the swing trade report and alerts, sign up for the free trial. Follow me on twitter or email me at SinghJD1@aol.com

Paul Singh Administrator

Leave a Comment