Industrial Truck-Maker Booming 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 wi February 22nd, 2024 Industrial Truck-Maker Booming 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 PACCAR, Inc. (PCAR), the On Balance Volume is showing us what we need to know. Confirming a Price Uptrend with OBV On Balance Volume measures volume flow with a single Easy-to-Read Line. Volume flow precedes price movement and helps sustain the price uptrend. When a stock closes up, volume is added to the line. When a stock closes down, volume is subtracted from the line. A cumulative total of these additions and subtractions form the OBV line. We can see from the OBV chart below that the On Balance Volume line for PCAR is sloping up. An up-sloping line indicates that the volume is heavier on up days and buying pressure is exceeding selling pressure. Buying pressure must continue to exceed selling pressure in order to sustain a price uptrend. So, On Balance Volume is a simple indicator to use that confirms the price uptrend and its sustainability. Confirmed ‘Buy’ Signal for PCAR Since PCAR’s OBV line is sloping up, the most likely future price movement for PCAR is up, making PCAR a good candidate for a stock purchase or a call option spread. Let’s use the Hughes Optioneering calculator to look at the potential returns for a PCAR debit spread. Built in Profit Potential For this option spread, the calculator analysis below reveals the cost of the spread is $300 (circled). The analysis reveals that if PCAR stock is flat, up at all, or down 7.5% at expiration the spread will realize a 66.7% return (circled). Due to option pricing characteristics, this option spread has a ‘built in’ 66.7% profit potential when the trade was identified*. The prices and returns represented below were calculated based on the current stock and option pricing for PCAR on 2/21/2024 before commissions. Interested in receiving actionable option spread trade recommendations? [Sign up for my Wealth Creation Alliance]( today! Why I Trade Option Spreads Option spread trades can result in a higher percentage of winning trades compared to a directional option trade if you can profit when the underlying stock/ETF is up, down or flat. A higher percentage of winning trades can give you the discipline needed to become a successful trader. The Hughes Optioneering Team is here to help you identify profit opportunities 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 Articles [GD: PowerTrend ‘Buy’ Signal Identified]( [Apollo Soars to New Highs!]( [Rush Of Volume Pushes T.J. Maxx Stock Higher]( --------------------------------------------------------------- [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](