Hey traders, it’s Bryce here.
We’re always looking for the next big spiker in the AI sector. And I just found one!
Ever since AI burst on the scene in early 2023, the sector’s been ablaze with massive runners.
And the best plays for small-account traders are the cheaper AI-related stocks that spike with hyped up news.
Our other option is to buy shares of NVIDIA Corporation (NASDAQ: NVDA) for +$700 each. Maybe the price will move 3% tomorrow …
Small-account traders focus on cheap stocks because:
- We can load up on shares.
- The price can spike by a massive percentage.
Yesterday, April 24, we watched a stock trading below $5 spike 110%.
Let’s say a trader had $1,000 worth of this stock and theoretically rode it for a 100% gain. That’s a $1,000 profit.
Wall Street Veteran Predicts #1 Stock to Buy in May
One Wall Street veteran is making a huge claim. Thanks to a little-known yet deadly trading strategy…He says he’s found a way to predict the #1 stock to buy in May…
And beyond that…Says he can predict exactly when to get in… and when to cash out.
Now, it’s unrealistic to try and predict how high these stocks will run. All we want to do is take the meat of the move. A cool 10% – 30%.
My Process For Profits
First of all, we have to identify these runners before we can trade them.
You might not know which stock I’m talking about when I mention yesterday’s big runner …
We’re looking for low-float stocks that spike with AI related news. A stock that spikes 20% can spike much higher. For example, yesterday’s 110% spike.
During premarket on April 24, this company announced the successful launch of an AI app that could “empower 5.2 million nurses”.
And a few minutes after the news came out, I got an alert from Breaking News. Take a look at the chart below:
AMST chart intraday, 1-minute candles Source: StocksToTrade
Traders had all morning to build a position on Amesite Inc. (NASDAQ: AMST).
And there are new Breaking News alerts every week. Here’s where you can find the next alert.
There’s still an opportunity to profit on AMST.
Multi-Day Move
The stock closed red yesterday, but it consolidated above a major support level.
Take a look at the chart below. It shows each candle as one trading day. The price bases on April 14 around the highs from January’s spike.
AMST chart multi-month, 1-day candles Source: StocksToTrade
If the price can hold that level and work toward the highs from yesterday … there’s a strong chance it pushes higher.
Besides the AI news: StocksToTrade shows that the float is only 1.7 million shares. That’s well below our goal of 10 million shares or fewer.
A low supply of shares helps the price spike higher when demand increases.
Keep an eye on this runner today and through the rest of the week!
Cheers,
Bryce Tuohey