Blink Charging Co.’s stock trades under the ticker BLNK & has recently shown excellent technical strength, making it a prime candidate for a short to mid-term trade.
BLNK Stock closed at $22.67/share on 11/20/2020, after impeccable performance from 11/16/2020 onward.
BLNK Stock Price: $22.67
10 Day Moving-Average: $13.12
50 Day Moving-Average: $9.76
200 Day Moving-Average: $5.54
RSI: 87
While BLNK stock’s RSI is awfully high, there is still room for them to run, although there will likely be some form of a pullback before the common shares look to be priced at a good deal.
For anyone trading the common shares, I would be closely eyeing the charts if I dove in before seeing that RSI drop a bit more/prices correct and even out into a range.
For traders interested in BLNK options, the $22.50 or $25 calls are where I am looking, especially given their pre-market strength (+14% more as I write this).
ReneSola stock trades under the ticker SOL, and closed at $5.32/share on 11/20/2020.
Since September they’ve been steadily climbing higher, with a particular noteworthy positive day on 11/13/2020.
SOL Stock Price: $5.32
10 Day Moving-Average: $4.46
50 Day Moving-Average: $3.24
200 Day Moving-Average: $1.79
RSI: 72
SOL stock’s moving averages still indicate there this is more room for their share price to run.
From an options perspective, the $5 strike price for the puts & calls seems like the safest idea, as the $2.50 & $7.50 options are awfully far from the current price of the underlying contract.
Purchasing the $5 call while it continues to climb, and then perhaps buying a $5 put, or selling a $7.50 call for the following month may be worth considering, pending your own due-diligence & following how their chart looks moving into 2021.
Arcimoto Inc. stock trades under the ticker FUV & closed for trading at $16 on 11/19/2020.
This morning in the pre-market it has shed 10% of its price, dropping to $14.35, opening up for a potential short-term trade opportunity.
While this mornings drop is likely the result of a blend of trimming after a 69%+ gain day & macro-market conditions pointing lower, FUV stock has displayed steady growth since May 2020.
FUV Stock Price: $16.00
10 Day Moving-Average: $7.15
50 Day Moving-Average: $6.42
200 Day Moving-Average: $4.25
RSI: 75
For traders interested in the common shares, today may not be the best pullback to buy into, but looking at the charts should help you determine the right amount of risk there.
From an options perspective, the 12/18 $15 calls may carry more risk than is worth taking, so I may think to look at the $12.50’s or the $10’s.
The puts on the other hand look much cheaper than the calls, with the at-the-money $15’s marked only at $3.95 (before the market opens, this should change upon the open), which may offer an opportunity for a few extra percentage points for a quick trade on today’s weakness.
All-in-all, FUV stock & options should look to give traders some great opportunity for a short-term trade.
Electrameccanica Vehicles Corp. stock trades under the ticker SOLO, and closed yesterday at $6.91/share (11/18/2020).
This morning it has continued to climb in pre-market trading, currently at $7.63.
Given its recent technical strength, there are some good short-term trade opportunities for SOLO stock.
SOLO Stock Price: $6.91
10 Day Moving-Average: $4.50
50 Day Moving-Average: $3.01
200 Day Moving-Average: $2.25
RSI: 83
While it may climb a little higher & test the $7 range, SOLO’s RSI is currently showing over-bought conditions at 83.
With this in mind, I would be interested in tracking both the calls & puts that focus around wherever their new range may emerge, based on whether or not they can cross the $7 mark cleanly today/tomorrow.
SOLO’s calls can either have a $6 or a $7.50 strike price, if I were looking at the ones with tomorrow’s expiration I would favor the $6 strike price, while for the next expiration date the $7.50’s show signs of being able to be in the money, given their early morning performance today.
One thing to keep in mind about the $7.50 call expiring on 12/18/2020 is that their Theta is currently -0.025.
Looking at the puts, The $7.50 or the $9 are likely the best option for SOLO for tomorrow’s expiration, but I may instead set my sights on the 12/18/2020 expiration, given that their current strength does not indicate that a put for tomorrow will play out favorably.
Five Prime Therapeutics, Inc. stock trades under the ticker FPRX & has recently shown great technical strength, closing for trading on 11/17/2020 at $20.20/share.
FPRX stock has quadrupled since 11/10/2020, which is indicated through its RSI, which is sending overbought signals.
While we can expect to see it decline a bit based on the RSI & the fact that its only hollow candlestick since it’s take-off day is red (down, but finished above where it opened), cautious entry from a common share position, and a position favoring puts for options is likely the best course of action.
FPRX Stock Price: $20.20
10 Day Moving-Average: $11.36
50 Day Moving-Average: $6.15
200 Day Moving-Average: $4.86
RSI: 86
From a calls perspective, I would be focused on the $20 or $17.50 strike prices, while focusing on the $20 or $22.50 strike prices on the puts.
This way your trade is protected from the overall market’s behavior, as something with an RSI this high may prove to be quite temperamental in the event of a major market drop.
Five Prime Therapeautics, Inc. stock is worth a closer look from a short-term perspective, whether via options or their common FPRX shares.
Moneygram International, Inc. stock trades under the ticker MGI & closed for trading at $8.10 on 11/16/2020.
MGI stock has recently displayed amazing technical strength, nearly doubling in price since 10/13/2020.
Moneygram has options, which are currently at-the-money when looking at the $8 strike prices.
Given the 0.56 delta of the $8 calls, I would look there and or at the $7 calls for the upside, with the same levels being targeted for the puts covering the downside, but favoring the higher strike price for the puts.
MGI Stock Price: $8.10
10 Day Moving-Average: $5.78
50 Day Moving-Average: $3.93
200 Day Moving-Average: $2.82
RSI: 80
MGI stock has great potential for a short-term trade, and is worth a second look by traders.
I’ll be looking at them today, as their pre-market price is down 2.5% to $7.90, making those strike prices even more attractive, but perhaps buying the calls & puts for different expiration dates.
Robinhood traders have become an interesting group of market participants, often making headlines as a collective after the COVID lockdowns.
This weekend I took a look at the names that made up their 100 Most Popular Stocks & ETFs list to get an idea of the types of names that they’re trading.
While the name infers that there will be 100 securities, there are only 98, as my Fidelity data screener does not cover two of the names, which was odd as usually it goes the other way around.
Breaking Down What Securities Robinhood Traders Prefer To Own
Most of the companies that you see listed in the Top 100 list are household names. UBER, F, JPM & KO are all on the list, along with some lesser known names such as WKHS, NIO & NKLA.
8 Sectors & 34 Industries are included in this list, along with ETFs.
Only 29% of all securities held offer a dividend yield, and using our Technical Rating Formula, 56 securities are above average for their technical performance rating, with 42 securities falling below the average technical rating.
ETFs are included in the list as well, but are being counted as their own unique sector & industry as there is diversity within each ETF on the list, which will be published in order of technical performance later in the article.
Examining The Robinhood Top 100 Owned Securities List By Sector
By sector, the names favor Consumer Discretionary stocks, such as PTON, TSLA & DKNG, with less emphasis going to Consumer Staples stocks, such as BYND, KO & WMT.
Healthcare (APHA, PFE & SRNE) & Information Technology (MSFT, WORK & ZM) are the second & third most popular sectors, while Energy (HAL, KOS & XOM) & Financials (WFC, IVR & BRK/B) are the second & third least owned sectors (not including ETFs, 0 in the chart above).
This makes sense, given that most retail investors are looking for products & names that they either use, or have an interest in, and or that they hear about often in the news (especially when the headlines are beneficial).
As to be expected, Energy sector stocks have the highest average Dividend Yield, followed by Financials & then Healthcare, with ETFs not offering a dividend, and the bottom three yielding sectors being Industrials, Consumer Discretionary & Information Technology.
From a Technical Rating standpoint, Consumer Discretionary has the highest average (which may be impacted by largest sample size), followed by Industrials & Information Technology.
The worst performing sectors from a technical perspective were Energy, Financials & Consumer Staples, with ETFs having the second worst performance.
Breaking Down The Top 100 Robinhood Stocks By Industry
A really interesting point when we get down into the Industries that these securities are in, is that Pharmaceuticals is the top owned Industry (somewhat expected), trailed by Hotels, Restaurants & Leisure, ETFs & Biotechnology & Airlines.
This somewhat surprised me, as more countries are announcing more COVID measures, so I’m guessing that that trend will be shifting in the not-to-distant future.
The highest yielding industry is Capital Markets, followed by Oil, Gas & Consumable Fuels, & Diversified Telecommunication Services.
From a Technical Rating perspective, Electrical Equipment is the highest rated Industry, followed by Automobiles & Auto Components, while the worst faring Industries are Machinery, Food Products, ETFs & Entertainment.
Who Are The Best Technical Performers Of The Robinhood Top 100 List?
Now, onto what everyone was waiting for, the good stuff.
I have ranked the stocks that were in the Robinhood Top 100 Most Owned list below (barring the two that Fidelity did not have data for, so 98 total names), along with how far above or below average their Technical Rating was (not going to give away all the good stuff 😉 ).
The Top 10 of the list are NIO, PLUG, SNAP, GPRO, MRNA, PENN, CGC, UBER, WKHS & GM.
The Bottom 10 by technical performance are UCO, GUSH, AMC, NKLA, ET, TXMD, INTC, IVR, USO & BYND.
What’s most interesting about this list, is it breaks down how many people outside of the markets look at different companies, sectors & industries, as stock indexes are at all-time highs & the world still has growing concerns regarding COVID-19, the US Election results & more.
It will be interesting seeing how this list shifts in the coming weeks to months.
Infrastructure & Energy Alternatives Inc. stock trades under the ticker IEA, and closed at $11.17/share on 11/11/2020.
IEA stock does not have options, so traders have to trade common shares, which have shown strong technical performance recently.
IEA is up an additional 1.16% as of 9 am in the pre-market trading, and with the NASDAQ futures trending lower as we approach the open, there may be a better entry-point coming in the near future for a short-term trade.
IEA Stock Price: $11.17
10 Day Moving-Average: $8.42
50 Day Moving-Average: $6.56
200 Day Moving-Average: $3.80
RSI: 75
If they get swept up in the NASDAQ’s trends today, a decent entry point may present itself today, but otherwise I may think to wait a little longer to find a good price.
Overall, I will be watching IEA’s stock for the days to come for a trade opportunity.
Titan International, Inc. stock trades under the ticker TWI & has recently shown technical strength, making it a prime candidate for a short-term trade.
TWI stock closed for trading at $4.99/share on 11/10/2020, putting them at-the-money for their $5 calls & puts.
After a big day on 11/9/2020, their price has outpaced their moving-averages, and their 10 day moving-average just recently crossed the 50 day moving-average, a bullish sign.
In terms of their options, I don’t see much action outside of the $5 range, as the closest other strike prices are $2.50 & $7.50, which are a pretty steep ways away from one another.
TWI Stock Price: $4.99
10 Day Moving-Average: $3.14
50 Day Moving-Average: $2.99
200 Day Moving-Average: $2.04
RSI: 82
With all of this in mind, it seems like there should be opportunity for short-term trading profits from the $5 strike price calls and puts for TWI stock.
Cooper-Standard Holdings Inc. stock trades under the ticker CPS, & had a sizable gap up on 11/6/2020.
CPS shares closed at $32.32 on 11/9/2020, as they continue to climb following that strong day of technical performance.
CPS stock has options, which I would be interested in looking at the $30 calls, as the next level up is a $35 strike price (I am looking at the 11/20/2020 expiration).
From a puts perspective, I would likely go with the inverse & purchase the $35 puts, as their delta is almost twice that of the $30 put options.
CPS Stock Price: $32.32
10 Day Moving-Average: $18.13
50 Day Moving-Average: $16.10
200 Day Moving-Average: $14.73
RSI: 84
I will be looking at their options today, likely favoring the puts, while the RSI simmers down & a new range begins to be established, but that will all depend on how they open.
Looking at the spreads between moving-averages & Cooper-Standard Holdings Inc.’s stock price, there looks to be great opportunity for short-term traders in CPS.
For those who work more with common shares, I would be waiting to see how the price tapers off before finding my entry point, as the price is 78% higher than the 10 day moving-average.
