Hey, Ross here:
And here’s another actionable trade idea you should be paying close attention to – because a major catalyst might be happening later today.
Chart of the Day
Energy drink maker Celsius (CELH) has always been a mover. The stock trends well and routinely makes 50% moves in a few weeks or months.
The stock was a big leader in 2022 and actually rose more than 100% in the middle of the bear market.
It has since pulled back, but it is again showing a lot of strength.
Shares ripped through the 200-day moving average to reclaim their long-term uptrend on heavy buying volume. And after three inside days, it pushed to new highs yesterday.
CELH reports earnings Tuesday after the close. All signs point to them beating expectations, but I still wouldn’t risk the farm on it.
P.S. Would you like special trade prospects and potential market moves sent directly to your phone? Text the word ross to 74121.
Insight of the Day
No big news does not mean no big opportunities.
The mainstream headlines are dominated by “big news” – whether this is the Fed, inflation, jobs, or even mega-cap companies like Apple reporting earnings.
This is understandable – but it also causes traders to miss out on a lot of opportunities.
I mean, there are over 6,000 stocks out there, yet you only hear about the same few over and over again.
That’s actually a good thing though, because it means we can exploit opportunities in these stocks that many don’t even know exist.
And because there are so many of these under-the-radar stocks, there are always plenty of opportunities at any given time – if you know how to find them.
That’s why in just a couple hours at 12 p.m. Eastern later today, I’m going LIVE to share one of the juiciest stock setups I’ve seen in a while (it’ll make the above trade idea look like peanuts).
Editor, Stock Surge Daily