Have you felt overwhelmed at work?
You are running from meetings to meetings (internal and external business development), events, and presentations.
Your phone is buzzing away from day till night as your input is necessary for the team to pull off the next few meetings and events.
You’re looking forward to next week when things will be quieter and slower.
But a family emergency pops up.
This is probably how the Federal Reserve (Fed) and Nominees for the US Presidential Elections feel!
The Fed has been busy analyzing economic data, and Chairman Jerome Powell has finally announced that the time to cut interest rates is here.
Which stocks are likely to rise in the next few months?
Let me know in my Telegram poll.
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Done?
Let’s review last week’s #PowerStocks pick of the week – Extreme Networks (EXTR).
Review Of Last Week’s Pick Of The Week
Extreme Networks (EXTR) was our #PowerStocks pick last week.
It belongs to the Technology sector which had risen modestly last week.
This gain has benefitted the share price of Extreme Networks (EXTR).
We could see it continue climbing before returning to its support area of around $14.
Will I still be interested in buying its shares for an explosive swing trade when that happens?
Maybe not, as the climate might have changed.
What’s the swing trading opportunity that could emerge in the coming days?
Let’s find out together.
Why Is Swing Trading Evolent Health (EVH) Worth It?
Source: evolent.com
Evolent Health (EHV) is a healthcare company that provides payment and the delivery of healthcare services.
Its share price has been performing better than the S&P 500 lately, beating it by 7x!
The next sentence will leave you stunned.
In just 2 months, its share price has shot up a jaw-dropping 78.6%!
So, what’s the game plan?
Continue reading to get the details.
P.S. What if I told you that you could drastically gain control over your emotions of fear and greed, and master the stock market in a short amount of time?
My team and I have worked tirelessly to help you achieve results fast.
Click on the banner below to claim your stock course for free (limited time) now!
Performance Of US Stock Market vs Evolent Health (EVH)
Knowing the trend helps decide whether you should identify buying or selling opportunities.
From the comparison above, can you tell that the share price of Evolent Health is in a strong uptrend?
Therefore, you’ll want to be spotting buying opportunities.
Looking at the comparison chart again, while the S&P rose a respectable 7%, the shares of Evolent Health rocketed more than 44%!
That’s a mind-boggling 6.2x outperformance!
Evolent Health’s shares deserve to be examined further.
How Explosive Is Evolent Health (EVH)?
Before you put money into any form of investment, I’m sure you’d find out about the potential returns and odds.
Will your trading capital be put to deadly use by propelling higher in a short amount of time?
In the past 10 months, Evolent Health’s share price has exploded 18 times!
Since its uptrend resumed in mid-July 2024, traders have been rewarded with gains of 12.2% to 42.7%!
These numbers are nuts when knowing that this company enjoys a market capitalization of more than $3b.
I know that you’re eager to place an order to buy its shares.
But there’s more analysis to be done.
Key Price Levels
Before buying any shares, it’s a great idea to uncover its key price levels.
They are also known as support and resistance because share prices tend to turn at these key price areas.
Did you also uncover a resistance area around $33, and a support area around $29.50?
Knowing that Evolent Health’s share price is at its resistance area, is it a good idea to buy its shares for a swing trade now?
It would be better to wait for its share price to pull back to around $29.50 and bounce before buying its shares for a swing trade.
And that’s what I’ll be looking to do.
Here’s a pro tip: Instead of staring at your screen, you may want to set a price alert on your broker’s platform to be notified so that you can spend precious time with your loved ones.
Finally, this is for educational purposes. Please perform your due diligence.
All images are taken from pexels.com, pixabay.com, sectorspdrs.com, tradingview.com, and unsplash.com, unless otherwise mentioned.
Claim Your Free (Limited Time) Stock Course Right Now:
The stock market is full of traps laid out by professional traders.
Many new traders are often left confused by conflicting signs and signals.
Worse still, ~80% of traders lose money.
This is because trading isn’t just about skill alone.
It includes the mastery of your emotions.
But what if I told you that you could quickly gain control over your emotions of fear and greed and master the stock market?
My team and I have worked tirelessly to help you achieve results fast.
Click on the banner below to claim your stock course for free (limited time) now!
