November 1st, 2023 'Buy' Trend: CRWD Breaking Out Higher Today I am going to walk you through a great potential trade. Not only will we look at which ticker is setting up, I will layout the amazing indicator that helped me spot this one and many others. In this example chart of CrowdStrike Holdings, Inc. (CRWD), the 10-Month Simple Moving Average is showing us what we need to know. It is a very powerful tool for spotting a significant trend in a stock. With that info, we can build a trade that fits right into our trading plan. Grab CRWD On This Move The signal that we spotted is where CRWD's 1-month price crosses the 10-Month Simple Moving Average. This shows strong upside momentum that is still in play. To get more details on the 10-Month Simple Moving Average click here. 92.4% Profit Potential for CRWD Trade We have used the Hughes Optioneering Calculator to look at the potential returns for a Call Option Purchase. It figures out the profit/loss for this type of trade based on a flat CRWD price to a 12.5% increase in underlying asset price at option expiration. When you purchase a call option, there is no limit on the profit potential of the call if the underlying stock continues to move up in price. Interested in accessing the Optioneering Calculators? Join one of Chuck's Trading Services for unlimited access! The Optioneering Team has option calculators for six different option strategies that allow you to calculate the profit potential for an option trade before you take the trade. 9x the Return if CRWD is up 10% The calculator analysis above reveals if CRWD stock increases 5.0% at option expiration to 185.61 (circled), the call option would make 43.1% before commission. If CRWD stock increases 10.0% at option expiration to 194.45 (circled), the call option would make 92.4% before commission and outperform the stock return more than 9 to 1*. The leverage provided by call options allows you to maximize potential returns on bullish stocks. The Hughes Optioneering Team is here to help you identify winning trades just like this one. Wishing You the Best in Investing Success, Chuck Hughes Editor, Trade of the Day Have any questions? Email us at dailytrade@chuckstod.com *Trading incurs risk and some people lose money trading. See Related ArticlesSmall-Cap Crash Profit Opportunity? TLT: Profit From the Bond Wreck? Strong 'Buy' Signal: Time to Buy BRBR? © 2023 Tradewins Publishing. All rights reserved. | Privacy Policy | Terms and Conditions | Contact Us If you didn't create an account using this email address, please ignore this email or unsubscribe using the link below. To ensure delivery of this email to your inbox and to enable images to load in future mailings, please add todaystrade@chuckstod.com to your e-mail address book or safe senders list. DISCLAIMER: Auto-trading, or any broker or advisor-directed type of trading, is not supported or endorsed by Legacy Publishing LLC. For additional information on auto-trading, you may visit the SEC's website: All About Auto-Trading. The information provided by the Legacy Publishing LLC ("Legacy") Trading Services, newsletters and educational publications ("Services") is not customized or personalized to any particular risk profile or tolerance. Nor is the information published by Legacy a customized or personalized recommendation to buy, sell, hold, or invest in particular financial products. Past performance is not necessarily indicative of future results. Please note that results may not be typical and can vary from person to person. There are inherent risks involved with investing in the stock and options market, including the loss of your investment. Any investment is at your own risk. You should only trade or invest your "risk capital" – money you can afford to lose. | |||
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