This week’s chart comes from our new proprietary Under the Hood Robinhood Trade Scanner.
We’ll share more of that with you soon, but we built this trading tech to pull winning trades directly from Robinhood.
And this week, we love the #2 trade on RH, Moderna (MRNA).
Now, sometimes Robinhood traders just follow a lot of hype and we short their picks, but in this case there’s a lot to love here with MRNA.
The risk to reward ratio is skewed in our favor, the relative strength of biotech and vaccines for COVID can not be ignored, and there is great positive momentum for MRNA.
We’re long in MRNA above (and only above) $80.
Below that, we are out.
But above $80, we’re long with a price target of $120.
That’s 50% upside.
Til next time, good trading,
The Top 5 Stocks to Buy and Hold Now
The coronavirus knocked the wind out of stocks.
And while no one can predict what could possibly happen next, there’s no shortage of top blood in the street stock opportunities to start considering right now. In fact, here are some of the top stocks that are showing big signs of life, even with the virus s&ll in the headlines.