EV Market on a TEAR

Welcome to the Rude Awakening for January 12, 2021…

Looking at a market open here just a little bit to the upside. Not a lot of momentum today.

We’ll see if that can hold or carry through today.

We are obviously still pushing up at these all time highs in the marketplace. And it does look like we’re getting a little bit tired here, but there are still a lot of things to take a look at activity-wise in the marketplace today…

3 Ways to Play Today

The first one on our list today is Plug Power Inc. (PLUG).

Plug is working a partnership with Renault. And you can see right here, this stock has just absolutely been on a tear.

The electrified car market in general, but specifically Plug, has just been absolutely on a tear, going just parabolic on the day, up $9 as we speak. And we are looking at some bullish trades inside of Plug.

So check out Plug, for your buy lists today.

Another one that’s interesting on our buy list is VOXX, just recording third quarter results here, and they were much better than expected, stock popping way to the upside of $5 a share right now, retracing just a little bit on the day.

And that’s another one on our buy list that we’re watching.

Biomerica (BMRA). This is an interesting company right here.

They have just come out with a 15 minute rapid COVID test that’s getting some good approval and looks from the FDA. A little bit of a bump there, and percentage-wise, it’s a really big move.

And then of course, last but not least, we always want to look at some bearish trades as well.

Lemonade (LMND). This is a stock that we have traded to the upside extensively, offering some new shares, bringing new shares to the marketplace. That’s pulling back a little bit today on that news. Keep an eye on that for a retracement. It’s been an excellent stock to the upside. Might be the opportunity to get in at a lower price.

So there’s your opportunities for today, folks.

Trade safe out there. And of course we will talk to you tomorrow!

Regards,

Scott Stewart

Scott Stewart
Editor, Rude Awakening

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Scott Stewart

Scott Stewart has been trading for decades. He has acted as an analyst and educator on the stock market for just as long. As your Rich Dad's Weekly Cash Flow analyst, Scott works tirelessly to ensure you know everything you need to do when entering into new positions, and adjusting trades as you go along....

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