Two Swing Trade Criteria and Stocks To Watch

Plus, Discover How a Legit Company Soared Over 5% in One Day ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ Good Morning! One legit company just announced news that sent it soaring over 5% yesterday. Now, that might not sound like huge gains when you talk about penny stocks… But when you’re talking about a $2.7 trillion market cap company making that kind of move — you have to pay attention. The stock moved over $20 per share in one day! So while the stock is higher priced and might not grow your account exponentially overnight… It’s a real stock that you can potentially swing trade and hold while you’re at work, without having to worry about it tanking 50% in a few minutes like a volatile penny stock. So today I’m going to dive into the news that sparked this big run and why it’s important. Plus, I’m going to give you two criteria I like to look for in stocks to swing trade and another stock that’s currently on my watchlist… Swing Trade Criteria and Stocks To Watch The Invesco QQQ Trust (NASDAQ: [QQQ]( broke out to new [52-week highs]( yesterday. And the move was mostly thanks to some breaking news during midday trading… QQQ chart: 1-year, daily candle — courtesy of [StocksToTrade.com]( At about 11:30 am. Eastern news broke that Microsoft Corporation (NASDAQ: [MSFT]( is putting[a $30 price tag]( on Co-Pilot, its artificial intelligence assistant to help Microsoft 365 subscribers create documents. That price is per user, per month — on top of the existing subscription price for Microsoft 365! That could mean huge potential for MSFT’s revenue in the future. So why should traders care now when the product isn’t even widely available yet? Because the market is always forward-looking. Traders want to get in early to [ride the momentum]( of a potentially huge future boom in [earnings](. And that created more than a 5% move in the stock in one day… MSFT chart: 1-day, 5-minute candle — courtesy of [StocksToTrade.com]( I’ve liked MSFT as a swing trade on and off for years… And now it has two of the main criteria I like to look for when finding potential swing trades — a news catalyst and a breakout to new 52-week highs. It actually broke out to new all-time highs which can be even better… It means there’s no resistance overhead. The skies are the limit to where this can go. But we have to be smart when selecting our entries and goals for a trade. For entries, I like to use patterns like the [red to green move]( or [breakouts](. When trying to determine a goal for a trade, look back at the chart at past runs to see how big the range is. Compare the volume to what it’s trading now and build a thesis. Use [Oracle’s support and resistance levels]( and whole and half-dollar levels that can be significant psychological levels. Which other stocks have news and a breakout to new 52-week highs? Recursion Pharmaceuticals, Inc. (NASDAQ: [RXRX]( is currently on my swing trade watchlist. The company received [a $50 million investment]( from NVIDIA Corporation (NASDAQ: [NVDA]( to help develop drugs faster using AI. So it has news and it broke out to new 52-week highs after the news was released last week. But it had such a big gap up that it couldn’t hold its gains. Now it’s climbing its way back up, so a breakout is what I’m watching for as a potential entry and one of the main criteria for a swing trade idea. If you want to learn more about swing trading and how you can gain an edge trading ‘real stocks’ — stay tuned for big news hitting your inbox this week! Have a great day everyone. See you back here tomorrow. Tim Bohen Lead Trainer, StocksToTrade   sponsored   Want Daily Trade Ideas From Millionaire Traders? Whether you’re a rookie in the markets or a seasoned trader – these strategy sessions are perfect for ANY trader who wants to gain a MASSIVE edge in today’s uncertain market… And take advantage of the obscure “profit windows” Tim Sykes has been targeting! Don’t miss out on the next session! [>> Click here to sign up for daily alerts and start maximizing your profits with the Millionaire Trader’s Formula <<](   sponsored   The Last Time I Made a Prediction This Bold… Traders Had the Chance to Make 8X Their Money Now, I'm doing it again… But this small profit window closes soon… [Click here to see it now before it disappears!](   Recommended Membership Gifts   ACCESS NOW: Click to activate these complimentary membership gifts and receive daily market intel. 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