BIG $Big Lots(BIG)$ High short float, +40% move in a month, price action penetration of declining MAs on big volume, bounced off flattening 20-MA. ImageSetting up beneath $9. Nothing is certain in the market, but the visualisation on risk reward of the trade definitely tilt it favourably to the buy side for the short termThis is an update of my earlier tweet. I think sorting the list based on their extension on their own individual ATR% from 50-MA would answer the multiple queries of which are better opportunities
In my view, decision-making in the trading business should rely on quantifiable data. A method I personally employ for scaling out and taking partial profits involves setting a threshold based on the multiple of Average True Range (ATR%) from the 50-day Simple Moving Average (SMA). For instance, I find it beneficial to start taking profits when positions exceed 8-10 times the ATR% from the 50-SMA. This practice helps prevent second-guessing or becoming emotionally attached to any particular position. A relevant example illustrating this concept is the case of $Palantir Technologies Inc.(PLTR)$$SoFi Technologies Inc.(SOFI)$$Tesla Motors(TSLA)$
COUR $Coursera, Inc.(COUR)$ has been steadily climbing for 7 out of the past 9 weeks, following a significant post-earnings gap on 28/4. The weekly price movement has been within narrow ranges, but the volume has been consistently positive and constructive, averaging around $50 million per week. This company is on track for profitability by 2024. This stock certainly deserves a place on our watchlist.Image $Valkyrie Bitcoin Miners ETF(WGMI)$ ImageMARA $Marathon Digital Holdings Inc(MARA)$ High Short FloatImage