trade-ideas
Weekly Wins: From Biotech to Auto High Tech
We take a look at two trades. One from Rev Shark and another from Ed Ponsi.
Aug 3, 2024, 6:00 AM EDT
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This week, we have two great trades from two of our favorite analysts. This is a great example of the type of research we provide at TheStreet Pro every day!
James "Rev Shark" DePorre gave us a great trade in biotech Humacyte just days ago.
Date: July 8th, 2024
Trade: Long Humacyte HUMA around $5.50.
Why: Pending FDA decision and nearby price support.
Result: As of Wednesday that stock was trading at $9.44, up 74%!
Read the article here.
And Ed Ponsi's call on Tesla was timed to perfection.
Date: June 27th, 2024
Trade: Long Tesla TSLA at $192.
Why: Negative news was priced in, input prices declining, a positive chart.
Result: Shares have been as high as $260 for a maximum gain of 35%!
Read the article here.