How To Find Multi-Day Runners

Hey traders, it’s Bryce here.

There’s a trend in the market right now … 

We’re seeing lots of stocks spike for multiple days.

If a trader can identify the spike on day one, they can prepare for the spike on day two, three, or four.

We don’t HAVE to be there first. We just have to identify the right setups.

And right now there’s a specific kind of stock that’s spiking over multiple days.

Take a look at the most recent examples below. On these charts, every candle represents one trading day:

Longeveron Inc. (NASDAQ: LGVN) spiked 260%* this week and broke past resistance from June 14.

 LGVN chart multi-week, 1-day candles Source: StocksToTrade

VivoPower International PLC (NASDAQ: VVPR) spiked 110%* this week and broke past last week’s highs.

VVPR chart multi-day, 10-minute candles Source: StocksToTrade

Virpax Pharmaceuticals Inc. (NASDAQ: VRPX) spiked 490%* this week and surged past highs from Monday.

VRPX chart multi-day, 1-minute candles Source: StocksToTrade

These are just a few examples … There are even more stocks surging that match this framework.

It’s all because the market is on fire right now.

NVIDIA Corporation (NASDAQ: NVDA) is pushing toward all-time highs, and major indices like the S&P 500 ETF Trust (NYSE: SPY) are making new all-time highs every week!

This INTENSE bullish momentum helps us profit off of massive runners like LGVN, VVPR, and VRPX.

But you have to know what to look for:

The Best Plays Right Now

We’re looking for low-float biotech stocks with news.

After the first spike, we want the price action to consolidate. That’s a key hint that the price could spike higher.

Let’s use LGVN as an example.

• StocksToTrade shows that the float is only 3.8 million shares.
  • Anything below 10 million shares is considered a low float. And the low supply of shares helps the price spike higher when demand increases.
• It’s a biotech company that develops therapies for various aging and life-threatening conditions.
  • The biotech sector is HOT right now. All the stocks I listed above are biotechs, and they’re not the only ones spiking … (KZIA, MYO, ATNF)
• LGVN announced its participation in an emerging growth conference set for June 13, that was the reason for the first spike. Then it consolidated until the company announced the board appointment of “gene therapy pioneer” Roger Hajjar, MD on July 8.
  • This is a massive short squeeze. Short sellers pile in after a minimal bounce from crappy news (a new board appointment is pretty wimpy). The insane spike afterward is due to short sellers blowing up.

The resulting move is volatile!

LGVN already spiked 260%* in less than a week. Luckily, the price action CAN follow popular patterns that we use to trade.

Volatile stocks like to follow this framework because people are predictable during times of high stress. Like when they have a few thousand dollars in a stock that’s spiking over 100% … 

Essentially, we’re mapping human psychology.

The patterns keep coming back because human beings always react the same way to stress. And we can reapply these patterns to each new stock spike.

In 2024 we can even use AI to follow these patterns!

On Tuesday afternoon, our AI bot that tracks this specific price action, alerted a trade on LGVN. It was right before the Wednesday spike!

Take a look at the trade alert below:

LGVN chart multi-day, 1-minute candles Source: StocksToTrade

This is where we get AI trade alerts from XGPT.

Don’t waste time trying to guess profitable setups, XGPT tracks this price action at lightning speed and sends out potential buy and sell signals.

Thanks to AI, you can study and trade at the same time!

Cheers,

Bryce Tuohey

*Past performance does not indicate future results