Aeglea Biotherapeutics $AGLE to be Added to the @TradeIdeas HOLLY Hot List

June 20, 2018

$AGLE came public in the spring of 2016, printing it’s all-time high of $12.75 during it’s first month of trading. It has since returned near it’s highest levels, spending the past 16 weeks consolidating within striking distance.

I made an exception to my playbook in selecting this stock: I usually steer clear of stocks with a market cap below $500million.

With a current market cap of around $235million, this is definitely lower that my normal comfort level. But I chose to break my rules on this one because HOLLY has been screaming at me to buy this name with four buy signals in the past six weeks. I’ve learned it’s best not to ignore HOLLY 😉

So we’ll be adding $AGLE to the HOLLY Hot List at tomorrow’s opening print.


As always, we’ll track this name in our list until such time as it experiences a 20% pullback from our highest tick.

HOLLY Hot List updates

Don’t read the headlines. Follow price. Price action tells us we’re still very much in a bull market.

In the past 5 trading days, the best performers on our list are as follows: $DCPH (+15%) $TDOC (+10%) and $BOX (+12.5%). While our laggards have been $CEIX (-5%) $FIVE (-5%) and $PSTG (-3%). Notice our biggest winners are bigger than our biggest losers? That’s bullish.

Prices as of close of trading on June 20, 2018

 

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)