Beyond the futures markets, I run a series of stock trading services with the help of my team here at Traders Agency.
One of the services is called Smart Money Alerts, and it seeks to capitalize on my technical analysis of the stock market as well as individual specific stocks.
One of those stocks, Pfizer (PFE), just recently hit its target price for a nice gain on the short side, so I wanted to share that with you today.
So, let’s take a look at the chart and how it worked out…
Pfizer (PFE) Stock Shows the Way
Here’s how the chart was set up for Pfizer and the successful trade for the stock inside Smart Money Alerts…
Back on July 28, the trade for the mega drug and vaccine company hit its predicted limit for a nice gain.
This is the sort of trade that we present and showcase inside our Watchlist for Smart Money Alerts.
Drug, health care and vaccine companies have been faring well recently as they are defensive stocks with stronger demand for their products and services.
But we saw weakness ahead in PFE according to our research in Smart Money Alerts.
The Bottom Line
For more on the markets as well as trading education and trading ideas like this one, look for the next edition of Josh’s Daily Direction in your email inbox each and every trading day.
I’ll be bringing you more of my stock and futures contract trading tutorials as well as some additional trading ideas.
And if you know someone who’d love to make this a part of their daily trading routine, send them over to joshsdailydirection.com to get signed up!
Keep on trading,
P.S. I want to also draw your attention to the work being done by my colleague and expert stock trader Ross Givens.
He has a great service called Stealth Trades that you need to know about. Recently, he has been presenting a series of potentially great trades in under-the-radar stocks.
The post Smart Traders Go Short for a Big Gain appeared first on Josh Daily Direction.
