Matt here.
I’m particularly excited about this week. Check out how Bryce is feeling about things in his latest watchlist from yesterday.
Last week, the Fed shook things up by calling in an inflation reality check. Rate hikes and balance sheet reductions are on the agenda in a big way.
But traders were hungry for big wins. As a trader, sometimes you can shrug off the big picture and focus on the now.
Things can move to the upside FAST in a trade — or a trading career like they did for me here:
Yes @mono_trader made 1.6 million % in a year, here's a graph he shared when he was up 1.4 million % toward the end of that awesome run. Welcome to how nice it is for my top https://t.co/occ8wKmT5U students & I to be real in an industry full of fakes & frauds #transparencyisgood https://t.co/THQ73t5lSy pic.twitter.com/hkssMAWmI3
— Timothy Sykes (@timothysykes) April 8, 2022
It’s time to celebrate the flexibility of the trading life and look at some intriguing tickers for the week ahead.
Matt’s Picks — April 10, 2022
Here are the top three stocks I’m keeping my eyes on this week…
MedAvail Holdings Inc (NASDAQ: MDVL)
MedAvail Holdings is a pharmacy tech company. It created a signature self-service pharmacy “MedCenter” machine available for commercial use.
And the stock has soared over 100% in the past week. What has traders so excited about MDVL?
Regulatory findings showed that two private equity and venture capital firms have significant stakes in the company.
- An April 6 SEC filing revealed that Redmile Group owns 32,556,498 shares — 41.8% of common stock.
- Another filing showed that Ally Bridge Group-WTT Global Life Science Capital Partners owns 20,601,244 shares — 27.1% of common stock.
MDVL mostly traded sideways on Friday. Look for a break over $2.50 this week.
Sunshine Biopharma Inc (NASDAQ: SBFM)
Sunshine Biopharma focuses on the research, development, and commercialization of oncology and antiviral drugs.
And it released groundbreaking news last week…
Two of its new mRNA molecules proved effective against multiple cancer cells grown in culture. That includes drug-resistant breast cancer, ovarian adenocarcinoma, and pancreatic cancer cells.
And SBFM accomplished this with little to no toxic effects.
The stock has been on a tear since last Tuesday, up over 200%. Its peak, so far, came on Thursday. Look for breaks of its Thursday closing high of $9.65.
Momentus Inc (NASDAQ: MNTS)
Momentous is a U.S. commercial space company that plans to offer transportation and other services.
Watch out, Sir Richard Branson and Jeff Bezos … Momentus is all Team Musk.
Momentous recently announced that it signed multiple launch agreements with Space Exploration Technologies Corp., aka Elon Musk’s SpaceX.
The stock saw a jump of over 25% in the past week and has been trading sideways. Look for a break above the $4.50 key level.
Conclusion
No matter what’s happening in the markets, there’s always an individual stock out there making waves. Or a few. You just gotta know where to look.
I’m all about breakouts. But you’ve gotta be patient with them. You have to watch them and wait for the right moves. Sometimes they break out, and that’s great.
But you want to make sure you’re not jumping into them right before they break down. I’ve been there…
So have my friends Jack Kellogg, Kyle Williams, and Mariana Hincapie. They’ve stalked all the sideways-trading stocks out there, figuring out how they move, why they move, and what makes them moon jump instead of … moon dump?
Check out Breakouts and Breakdowns for the ins and outs of trading stocks with the potential for extraordinary gains.