Gearing Up for Another Stock Play With MoneyGram
If you paid attention last week, you may have bought MoneyGram (Nasdaq: MGI) shares based on my analysis.
This week, War Room members closed out their MoneyGram position for gains of more than 25% in a just a week… on a stock, not an options play.
And they will be ready to jump back into the stock when the time is right. For some members, this is their second win on MoneyGram in the past few months!
When I start following a company, it stays on my screen and I work to get a good idea of how it trades based on news and volume, among other factors. On MoneyGram, I saw that we had significant resistance at $2.80. And if we cleared that, we’d be off to the races.
And that’s exactly what happened.
At 10:02 a.m., members sold the shares…
Within a five-minute period, the shares jumped by more than 10%! That’s an incredible move for a stock in such a short period of time… and there was no news to account for it. Volume spiked from 500,000 shares to more than 2.5 million shares during that window.
It was a marvel to watch!
On February 18, at 10:02 a.m., I issued a close trade recommendation on the stock play…
Sell your MGI and book the gains. Please post your fills.
But it’s what I said at 9:57 a.m. that alerted members to what was coming down the pike…
MGI is getting very close to breaking out to the upside. Resistance at $2.80.
Members sold MoneyGram in the $3 to $3.10 range within minutes after the alert was sent out and locked in some nice quick profits.
“In @ $2.39 out @ $3.00 I like micro-caps!” – Timothy Y.
“MGI – made 28%. Thank you Karim!” – Mike R.
“In at $2.40, out at $3.04. Nice 26% gain, thank ya very much!” – Bill L.
Action Plan: We’ve continued to keep an eye on the company, and when it reaches our buy levels, you can bet we’ll recommend members jump back in again.
MoneyGram and other microcaps are very volatile. And The War Room is where volatility thrives because of our real-time platform and consistent systems, which, in many instances, allow you to know where our target prices are ahead of time.
To get in on the next microcap play, join me in The War Room!
About Karim Rahemtulla
With more than 20 years of experience, Karim has mastered the subtle art of options trading. What we admire about him is his ability to score huge gains while minimizing the massive amount of risk that often comes with options. Beyond his expertise in options trading, he is also the author of the best-selling book Where in the World Should I Invest? He publishes weekly about smart speculation in his latest free e-letter, Trade of the Day.