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Monday, May 22, 2017

STOCK PICK: Sportman's Warehouse Holdings (SPWH) NASDAQ

Stocks Trade of the Week Sportman's Warehouse Holdings Investments (SPWH)



Fresh off a strong earnings report and catching the short sellers leaning the wrong direction, SPWH is showing up on multiple Trade Ideas scans. These optimized scans show a strong base for a company that has positive bottom line earnings. The “Trend Change Lubricant” scan window shows SPWH to have 36% of the float held by short sellers. Squeezing the shorts has been what is working so far in 2017 so we are staying with that theme. SPWH is also showing up on a high volume options scan (Option Play Magic).

The Trade of the Week on SPWH is live at the opening tick on Monday.

SPWH closed at 5.70 on Friday. The suggested stop for this position is to remain above 5 dollars, so 4.98 will be the suggested stop. The suggested target is 7.75. There is a possibility that SPWH may gap up on the open so be prepared to consider this when sizing your risk. You may get a lower price or you may have to buy higher.

Footnote:   This is a table showing the maximum profit for all past 2017 Trades of the Week. Timing the top is impossible but this table shows how much alpha was possible when considering the exit of these positions. The trades outlined in red eventually hit their suggested stop prices, so you can see the importance of timing and harvesting profits along the way when you can, especially those that move above 10%.

*Assumptions
Targets are not absolute. Targets involve timing. Profits can and should be harvested along the way.

Risk to Reward ratio ideal is 1:3

Trades of the week that do not reach entry prices are not considered live and are expired at the end of the current week. (ORCL and JNPR)

TOW Rules: 20% Rule.  If a performance is up 10% and gives back 20%, take the 8 and run. (Profit Save, Trailing Stop).
Stocks that gap up over the entry price are considered up to the discretion of the buyer as to the entry price (WETF)


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