Looking for a trade, but really don’t know? $ZTO just might be the way to go. (March 24, 2020)ZTO
I am looking for stocks that I think are working kind of irrespective of everything that’s going on; because most of them really aren’t as I am sure you know. They just absolutely just blow; so many charts are broken. I am going through my scans, my lists. I have a lot of lists of different stocks with different configurations.
One stock that keeps coming up on a lot of them is ZTO Express ( NYSE: ZTO ) and you can see why. The stock is trending really nicely right along the 50-day moving average and this is a pretty strong uptrend. It is extremely volatile. But the volatility can actually favor you; because if you catch it at the right time you can make more money in a short period of time than you could if the stock was not so volatile.
The point is, you have got to just kind of catch it right. If you are able to catch this right here at the low that is where you want to be a buyer and that is basically right where we are. So you can be buying this stock right here and keep a stop just a little bit below here and you could wind up having a really, really nice trade in a fairly short period of time.