Stop me if you’ve heard this before: “Paper is sexy.”
Ok, so maybe those words have never been uttered (at least not in polite company). But there can be no doubt that a long-term chart in $VRS has all the right curves, regardless of your tastes.
Verso came public in the summer of 2016, but didn’t really find it’s footing (stock price wise) until the last quarter of 2017. And now the weekly chart of $VRS has been stair-stepping higher in 2018 and the stock just made another new all-time high today.
SWING TRADERS: paper manufacturing is sexy (?). Ok, maybe not, but this chart of paper manufacturer Verso Corp $VRS definitely is. I’ll be adding this stock to @tradeideas HOLLY Hot List at tomorrow’s open. https://t.co/0jtsUNxyyl pic.twitter.com/AVDxFJPJss
— Sean McLaughlin 📈 (@chicagosean) June 4, 2018
With a small market cap of $702 million and average daily trading volume north of 450,000 shares, this stock could turn into a perfect storm pop higher once the performance chasers climb aboard.
Lucky for us, our trusty guide HOLLY has spotted opportunity ahead of the crowd during a lull in trading volume (in recent days, the stock below it’s normal trading volume) and that just gets me more excited to participate. So we’ll be adding this name to the HOLLY Hot List at the opening print tomorrow (Tuesday June 5, 2018) and we’ll keep this position on until a trailing 20% stop loss is triggered.
HOLLY Hot List update
The three biggest winners in the list over the past 5 trading days have been $PSTG (+9%) CEIX (+8%) and $HFC (+7%). More importantly, 11 of our 20 existing positions have all printed new highs in the past week of trading. Bullish.
But it hasn’t all been sunshine and rainbows. $NVCR got crushed today, losing nearly 8% after printing a high on Friday.
If you’d like to learn how HOLLY, the Artificially Intelligent Virtual Analyst, can improve your trading and investing results, please visit Trade Ideas.
Good luck out there!
~ Sean McLaughlin (@chicagosean)