Stoke Therapeutics, Inc. (STOK)
By Tue, Dec 1, 2020
Hey there,
I hope everyone had an amazing Thanksgiving!
I’m grateful for so much in my life, including today’s Chart of the Week — which looks ready to soar 50%.
It comes from our Under the Hood report, which collects millions of data points from across the entire trading industry to build a highly targeted watchlist of stocks seeing increased ownership and volume.
One particular stock that stood out from the UTH report is Stoke Therapeutics, Inc. (STOK).
This stock is breaking out of a beautiful base and shows strong relative strength.
We are long if STOK is above $51with a target of $72.
That’s 21 points of profit — a 50% jump!
This is as good a risk to reward ratio as you find in the market.
Til next week, good trading,
JC Parets
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About the Author
JC Parets, founder of All Star Charts, specializes in finding the most opportunistic risk vs. reward propositions while at the same time bringing a top/down approach to the marketplace whose wide spectrum is rivaled by few. JC begins with a long-term global macro perspective and then works his way down to the individual sector and industry level before ultimately isolating the stocks that best portray a particular thesis. Price is the most important technical indicator, but JC uses supplements such as Momentum, Relative Strength, and Fibonacci analysis to complete the process.
