The markets are challenging these past days. Over the past week, the S&P 500, Nasdaq 100, Russell 2000 and other leading indexes have all lost value on many days and have resumed higher volatility.
And this scares the heck out of traders that don’t like headwinds of down markets when even thinking about buying a new stock.
But I don’t care. Nope, not a lick of care. Down markets – no problem.
Because I don’t care about the market – I care about stocks. And I do my deep dive work on finding the stocks that will surge – regardless of what the S&P 500 or other indexes might do on any given day or week.
I write this as each of the surge stocks inside Stock Surge Daily including the three new stocks that I’m presenting to you today are of course vetted using the Stock Surge Indicator (SSI) system.
The SSI takes market trading data from thousands of stocks and identifies stocks with the top SSI scores. These are then further winnowed for the best stocks that we can present to you each and every week inside Stock Surge Daily.
And for those of you that have recently joined us here at Stock Surge Daily, I strongly recommend making sure that you are up to speed on my SSI system. You don’t need to know the math or to do the calculations – but you do need to understand how it works and why.
This will empower you to be able to buy into the surge stocks with more confidence. To get up to speed on my SSI – please download for free and read my special report: The Magic of the SSI
And to get the full further rundown on the stocks for this week – know that you can always directly access the Watch List for this week here: (TKTK).
Now, on to my SSI-approved surge stocks for this week:
Diodes, Incorporated (DIOD)
Diodes, Inc. (DIOD) manufactures and supplies semiconductor products. It offers diodes, rectifiers, transistors, MOSFETs, protection devices, functional specific arrays, single gate, dual gate and standard logic, amplifiers and comparators, Hall-effect and temperature sensors.
Shares are up an astounding 95% inside of the last 12 months.
The stock finally took a breather in July, and we have seen quite a surge since then leading us into the current area of consolidation, we now see the potential setup for a breakout into new highs.
The company has met and exceeded earnings reports for the past 14 out of the past 15 consecutive quarters.
Here’s how the stock scores with SSI:
Surge score: 89/100
% Above 52-wk low: 95%
MFI reading: 69
Sales growth: +53%
Triple momentum: YES
My entry trigger would be a move into new high ground at $91.25
Traders can work a tight stop at $85.00 to risk approximately 7% on the trade.
Initial targets for profit taking could be considered at $98.00 and $103.00 respectively.
Nvidia Corp (NVDA)
NVIDIA Corp. (NVDA) engages in the design and manufacturing of computer graphics processors, chipsets, and related multimedia software.
Shares are up 78% within the last 12 months.
The company has met and exceeded earnings reports for the past 6 years / 24 consecutive quarters.
Here’s how the stock scores with SSI:
Surge score: 92/100
% Above 52-wk low: 78%
MFI reading: 51
Sales growth: +68%
Triple momentum: YES
Price action is setting up nicely for a breakout to new highs.
My entry trigger would be a move into new high ground at $209.00
Traders can work a stop at $187.50, risking approximately 10% on the trade.
Initial targets to look for profit taking could be considered around $225.00 and then followed by $240.00.
Iron Mountain, Inc. (IRM)
Iron Mountain (IRM) that was founded in 1951, is the global leader for storage and information management services.
Trusted by more than 225,000 organizations around the world, and with a real estate network of more than 90 million square feet across approximately 1,450 facilities in approximately 50 countries, Iron Mountain stores and protects billions in valued assets, including critical business information, highly sensitive data, cultural and historical artifacts.
Shares are up 79% within the last 12 months.
The company has met and exceeded earnings reports for the past 6 out of the last 8 quarters.
Their next earnings release date is scheduled for Nov. 3, 2021.
Here’s how the stock scores with SSI:
Surge score: 90/100
% Above 52-wk low: 79%
MFI reading: 61
Sales growth: +14%
Triple momentum: YES
My entry trigger would be a move into new highs at $47.50
Once triggered, traders could work a tight stop on this trade at $44.75, risking only approximately 6% on the trade.
Initial profit taking targets could be considered at the $53.00 and the $64.00 price area(s).