Trade Ideas

Trade Idea — HEAR

$HEAR may have broken the sound barrier today when it clocked a nice +43% gain today — with another 5% tacked on afterhours.

Without a doubt this is what I mean when I say I trade some extreme price action.  So I’m keeping this stock on the radar for some SERIOUS followthrough.

These high flyers can also crash and burn if volume dries up — so be careful. For me, trades like this rarely last more than a day or two and sometimes as short as a couple minutes. It’s all about momentum.

Here’s the chart —

hear trade idea

Although price did not cross prior resistance I am loving all that volume. Wow. And this patten reminds me of another winning trade from a couple years back — $FFN.  You can read about that here.

Here’s a little about $HEAR (TheTurtleBeachCorp)

Turtle Beach Corporation
12220 Scripps Summit Drive
Suite 100
San Diego, CA 92131
United States – Map
Phone: 888-496-8001
Website: http://turtlebeachcorp.com

Details
Index Membership: N/A
Sector: Technology
Industry: Communication Equipment
Full Time Employees: 122

 

Business Summary

Turtle Beach Corporation, an audio technology company, develops, commercializes, and markets audio technologies under the Turtle Beach and HyperSound brands in the United States, the United Kingdom, Europe, and internationally. It offers headset solutions for use across multiple platforms, including video game and entertainment consoles, handheld consoles, personal computers, tablets, and mobile devices. The company provides audio products for commercial and consumers markets, as well as for listeners with hearing loss. The company was formerly known as Parametric Sound Corporation and changed its name to Turtle Beach Corporation in May 2014. Turtle Beach Corporation was founded in 1975 and is headquartered in San Diego, California.

Key Statistics

Join The Discussion

5 Things To Do When Stocks Take off Without You
10 Trading Truths No One Will Tell You
10 Things I Learned Playing a Simulated Trading Game
How The Biggest Retail Traders Got Rich
Russell 2000 (IWM) in Trouble…?

The markets have been rallying for quite some time — have...

Market Update 03-19-17

Happy Sunday everyone! I hope you all had a killer week...

Market Update 01-29-17

Well, January is coming to a close, the Dow topped 20,000...

Market Update 11-01-17

If you’re wondering why your trading might be a little choppy...

Get the Ebook today - Breakouts For BeginnersDownload
+ +