SPCE Stock | NFLX Drops | Best Stock Picks Today 7-17-20

Best Stock Picks Today 7-17-20

Trading Game Plan

SPCE stock traded into a fuel candlestick pattern yesterday and setups a new swing trade long with solid profit potential.

The trade setup has a simple stop loss, the price needs to remain above $21 on the daily chart for us to hold for the initial profit of $28.

NFLX Netflix earnings report forced the stock price to trade lower after hours as the guidance was less than stellar heading into the next quarter.

We're seeing a shift in order flow and sector rotation. Technology stocks and the "stay at home stocks" have become challenging to trade from the long side.

So we're trading them with a different plan and looking to the outdoor stocks such as LEN, TOL, HD, LOW and FDX.

NVAX stock remains the pandemic trade of the week. At this stage of momentum more of a day trade on the long side and managing of a good swing trade if you took the entry we discussed earlier in the week.

Have a great day.
Pete