Hi everyone.
On 16/09/2022, our system had provided a few picks and the results are as below:
PINS – (Buy) – Stop loss
NTLA – (Buy) – Withdrawn
TSLA – (Buy) – Profit
Stocks stumble on Friday, closing out one of the worst weeks of the year as a profit warning in the transportation sector renew fears about a recession/slowing economy. The Dow closed almost 140 points lower, while the S&P 500 and the Nasdaq dropped 0.7% and 0.9%, respectively.
Let’s review our stock picks on Friday.
Call for buy for PINS which resulted in a loss. Our system entered the market at $24.83 and as the major indices stumbled, the company stock traded sideways and failed to reach our TP at $25.16. Instead it hit our SL at $24.63, resulting a loss of 1%.
Pinterest, Inc. operates as a visual discovery engine in the United States and internationally. The stock rose recently after getting an upgrade from Wolfe Research analyst Deepak Mathivanan.
Call for buy for NTLA which was withdrawn. Our system withdrew because the price opened with a gap above our EP before falling down dramatically in the first hour of trading. It then traded sideways throughout the rest of the market.
Intellia Therapeutics, Inc., a genome editing company, focuses on the development of therapeutics. The company’s in vivo programs include NTLA-2001, which is in Phase 1 clinical trial for the treatment of transthyretin amyloidosis; and NTLA-2002 for the treatment of hereditary angioedema, as well as other liver-focused programs comprising hemophilia A and hemophilia B, hyperoxaluria Type 1, and alpha-1 antitrypsin deficiency.
Call for buy for TSLA which resulted in profit. Our system entered at $297.15 and made a call to take profit at $303.15. If you followed the stock but did not take profit, you would still be in the market with a profit.
Tesla, Inc. designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally.
Stay tuned for more of our stock picks.
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