[RagingBull Elite](
Dear Undefinedâ Jeff Bishop here,
Good morning, and get psyched for another exciting week of trading.
Any moment now, Iâm going to drop [my highest conviction trade of the week.](
Hopefully it will set a strong precedent for what we can expect across all of RagingBull this week.
In todayâs issue of All-Access, I want to share 3 setups that have the attention of RagingBullâs most popular small-cap trader, Jason Bond.
By the way, donât forget to [register to join the Boardroom at 8 PM ET tomorrow](, as they share an opportunity to become a part-owner in a company disrupting the electric vehicle space.
[I'm an image]
As we pointed out in All-Access yesterday, we will be keeping an eye on IWM as it showed signs of relative strength last week.
In case you didnât know, IWM is an ETF tracking the Russell 2000 index, which consists of small cap stocks.
Today, we will look at 3 setups in the small cap land for this week.
Hereâs our watchlist and potential trading plan:
Altra Industrial Motion Corp - AIMC
- Altra Industrial Motion Corp manufactures a wide range of electromechanical power transmission motion control products such as gear couplings, brakes, shafts etc. for use in various motion related applications
- On Friday, 10/23/2020, the company reported strong earnings beating both revenues and eps consensus by a large margin
- The stock gained 10.8% on the day, breaking out above its 52 week highs
- The momentum should continue here as the stock falls back into favor with such a positive quarterly earnings report
Our game plan is as follows:
- Buy zone: $44-$45
- Profit zone: $50 for half, ride the rest till $53.5 and keep a small piece for a potential breakout above all time highs
- Stop zone: $42.5
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MaxLinear Inc - MXL
- MaxLinear is a semiconductor chip manufacturing company with customers worldwide
- Currently, shares are trading a few percent below $28, a significant area of resistance where it had been rejected three times before.
- MXL stock has the potential to break above all time highs with tailwind from tech sector
- On Thursday, 10/22/2020, the company issued an upbeat forecast for its earnings report on 11/5/2020. The stock popped over 10% on the day
Our game plan is as follows:
- Buy zone: $27.5-$28.5
- Profit zone: $35 for half, ride the rest till $40 and keep a small piece for longer term
- Stop zone: $25.9
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Upwork - UPWK
- Upwork Inc operates an online marketplace that enables businesses to hire independent professionals globally
- The stock has had a decent run this year: from the low of $5.14 in mid-March, to the high of $21.3 on the 19th of October
- The stock has pulled back to $19.5 area this week, finding support at 20 period SMA
- Good risk reward spot to try a long
Our game plan is as follows:
- Buy zone: $19-$19.5
- Profit zone: $22.75 for half, ride the rest till $25 and keep a small piece for a potential breakout above all time highs
- Stop zone: $17.90
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If you want to learn more, RagingBull's most popular small cap trader, Jason Bond, is giving away some free gifts to those who [join his latest training session here.](
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One of the most common things we see new traders doing all the time is selling their winning stocks too early.
They chicken out and take a quick profit off the table, when they need to learn how to let the stock run and maximize profits.
On the flipside, they also have a tendency to hold onto their losing stocks too long, at huge losses, when they should have cut out early and moved on.
What most new traders donât realize is that itâs okay to take plenty of losses, as long as those losses are kept to a minimum and are greatly outweighed by their big runaway wins.
To learn how else traders can maximize profits â and gain access to 5 top trading strategiesâ [check out the Total Alpha Training Bootcamp.](
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[[Earnings Watch] 3 Plays On My Radar](
By Jason Bond of Weekly Windfalls
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[3 Trade Ideas to Smash the Market](
By Nathan Bear of Weekly Money Multiplier
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[My Other Favorite Options Play on Stocks](
By Jeff Bishop of RagingBull Investor
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[[Watchlist] 3 Momo Stocks Poised To Take Off](
By Jason Bond of Jason Bond Picks
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