‘Buy’ Signal: UBER Riding Higher

January 29th, 2024 ‘Buy’ Signal: UBER Riding Higher Dear Reader, Take a look at this trade. I wanted to get it to you ASAP so today’s article is short and to the point. The [10-Month Simple Moving Average]( is an indicator that is excellent for spotting strong momentum in a stock with a great likelihood of continuing in that direction. Take a look at this chart of Uber Technologies, Inc. stock symbol: UBER. As the chart shows, in January 2023, the UBER 1-Month Price, crossed above the 10-Month simple moving average (SMA) shown as the blue line above. As long as the 1-Month price remains above the 10-Month SMA, the stock is more likely to keep trading at new highs and should be purchased. Our initial price target for UBER is 69.50 per share. Here Is The Best Part By capitalizing on this powerful momentum with a Call Option Spread, you have the potential to make money if the stock goes up, goes down, or even stays flat! The Hughes Optioneering Calculator shows you what the call option spread trade would realize in up, down and flat scenarios before commissions. If UBER is flat or up at all at expiration the spread will realize a 52.9% return (circled). And if UBER decreases 7.5% at option expiration, the option spread would make a 30.9% return (circled). Like I said, this is a quick note to put this example in front of you right away but don’t take short cuts when learning to trade options. There is the possibility of losing some or all of your investment so be sure to invest in yourself with good trading education. We offer many ways for traders like you to learn our best practices. Unlock the door to profit opportunities! Join my Weekly Stock and Option Alert Newsletter for exclusive trade insights. Delve into multiple trade setups every week and receive actionable trade recommendations. [Click here]( to sign up now! 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 Articles [Spotted: Visa Primed to Surge]( [Rally Reigniting for Lam Research]( [Bullish Momentum Grows: ABBV]( --------------------------------------------------------------- [TradeWins Logo](  © 2024 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. This email was sent to {EMAIL} by todaystrade@chuckstod.com TradeWins Publishing Corp.528 North Country Rd.St. James, NY 11780 [1-Click Unsubscribe]( | [Edit Profile]( | [Manage Subscriptions]( | [Report Spam](