Trading Tips Blog

Stocks never move up in a straight line. One reason is profit-taking. In a bull market like this, that’s a bit rare. But other events can also temporarily weigh on a stock’s long-term uptrend. One big event is a regulatory warning. While big tech names sometimes take a one-day dive as some agency announces a record fine, or even a bank, which have collectively paid billions in fines, big pharma is the latest industry to come under fire as well. Consider
AbbVie (ABBV), ...
Read More About This

Kerri Anderson, a director at
Abercrombie & Fitch (ANF), recently picked up 1,000 shares. The buy increased her stake by nearly 3 percent, and came to a total purchase price of just over $35,000. This is the second buy in recent weeks, following a 700 share buy from another director in August. Overall, company insiders have been more active on the sell side before these buys, which have occurred as shares have slid in recent weeks. Overall, company insiders own about 1.7 ...
Read More About This

Shares of energy producer
Northern Oil & Gas (NOG) have been moving higher over the past year. Shares trended down over the summer, but are now starting to move higher, and one trader sees that rally continuing. That’s based on the March $20 calls. With 192 days until expiration, over 2,645 contracts traded against a prior open interest of 131, for a 20-fold rise in volume. The buyer of the calls paid about $2.10 to make the trade. Shares are currently in the ...
Read More About This

While some big spending bills are being discussed in Washington, the private sector is already moving towards growing out the technology of tomorrow. From the rollout of the 5G network to the ground-up monetary overhaul of cryptocurrency, the next decade looks to be the most transformative one yet. That’s also true with transportation. The last decade saw that the mass production of electric vehicles was possible. This decade, trends will move even more strongly in favor of these vehicles. One of the ...
Read More About This

Russell Burke, a director at
Global Self Storage (SELF) recently picked up 1,800 shares. The buy increased his stake by just over 8 percent, and came to a total price of just over $23,000. This follows up on 5,000 shares bought by the company President and CEO over the two prior weeks. Over the past 3 years, insiders have only bought shares with no sales. Overall, insiders own just over 10.3 percent of the company. Shares of the small cap owner of self-storage ...
Read More About This

Shares of uranium producer
Cameco (CCJ) were on a strong uptrend until June, then slid. In recent days, they’ve moved higher. One trader sees that trend continuing in the weeks ahead. That’s based on the October $21 calls. With 39 days until expiration, over 5,065 contracts traded against an open interest of 155, for a 33-fold rise in volume. The buyer of the calls paid about $1.32 on average. Shares are just under $21 right now, about $1 under their old 52-week ...
Read More About This

The past earnings season has been tough for many “stay at home” stocks that benefitted in 2020 from the pandemic. The biggest issue is that these companies are still growing, but their rate of growth has slowed substantially. Over time, it’s likely many of these companies will recover from the market fears. One company that just faced an earnings selloff, has more to it than being a “stay at home” play. The company is
Chewy (CHWY). Shares faced a drop on Thursday following ...
Read More About This

Alvin Libin, a major owner at
Riley Exploration Permian (REPX), recently bought 4,814 additional shares. The buy increased his stake by nearly 0.3 percent, and came to a total purchase price of just under $96,000. Libin has been a major buyer throughout the past month, with three additional purchases in August, totaling nearly 35,000 shares. Going further back, there has been more of a mix of insider buys and sells, with buying overall exceeding insider sales. Overall, company insiders own nearly 43 ...
Read More About This