Gentex $GNTX to be Added to the @TradeIdeas HOLLY Hot List

June 7, 2018

Auto-dimming rearview mirrors and electronics for the automotive industry might not sound all that sexy. But sex does NOT sell on Wall Street. Gains sell. And Gentex $GNTX has been quietly dragging its 50-day moving average higher since the fall. And strangely, it’s longer term weekly and monthly charts both look similar as well, going back to 2009.

There’s plenty of liquidity for everyone, with a market cap of $6.6 Billion and average daily trading volume north of 2 million shares. And right now the stock is sitting about 30 cents below all-time highs.

Momentum isn’t always eye-popping with rapid headline-grabbing surges. Sometimes it’s the slow and steady turtle that wins the race — like compound interest. That said, with new all-time highs on deck, there’s a chance the pace could accelerate here and that’s what’s got me most interested. We’ll be adding this name to the list at the opening print on Thursday June 7, 2018 and this name will remain in the portfolio until we experience a 20% decline from our high print.

HOLLY Hot List update

This isn’t being reflected in official numbers below yet, but $FIVE closed Wednesday’s regular session at all time highs of $81.28 then EXPLODED to as high as $96 in the after hours session. Needless to say, after Thursday’s open, it’s likely $FIVE will be our biggest leader over the past 5 trading days by a wide margin! The other notable name today is $PSTG which continues an impressive bounce back from a recent swift dip, up 15% in the last 5 days.

$HFC has given a little bit back over the past few days, but in fairness — she earned it. That stock has been killing it for us this spring. Otherwise, hard to find too many bummers today in the list. Even our worst performers have had nice bounces this week.

Prices as of the close of trading June 6, 2018


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Good luck out there!

~ Sean McLaughlin (@chicagosean)