March was quite a month for traders. The Dow Jones Industrial Average fell more than 30% from the high made on the month’s first trading day to the low made on March 23, 2020, at 18,213.65. The S&P 500 also saw about a 30% drop, but the tech-heavy Nasdaq Composite only fell a little more than 10% during that same period.
Some stocks have seen very severe drops, while others have jumped on their unique positioning in this post-coronavirus economy. Despite the pessimistic market tone, there are new trading opportunities for those who know where to look.
Our scanning tools continuously pick through thousands of stocks to identify bullish charting patterns and price action with technical momentum. Check out the Trade Triangles issued for these strong stocks and their long-term outlook.
Better yet, join MarketClub now and see the entry and exit signals as they are triggered. You’ll also get access to our daily trade ideas, alerts, charts, and customizable portfolio manager.
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Hottest Stocks for April 2020
BELLUS Health Inc. (BLU)
This clinical-stage biopharmaceutical company, based in Laval, Canada, develops therapeutics for chronic cough conditions.
Avg. Volume: 312,542
Market Cap: 672.78M
Monthly Green Trade Triangle: 4/2/20 at $11.35
Smart Scan Score: +100
A new green monthly Trade Triangle triggered on April 2, 2020, at $11.35 after the stock’s price shifted into a long-term uptrend. Members following the long-term trend would be in a long position.
Tootsie Roll Industries, Inc. (TR)
Together with its subsidiaries, Tootsie Roll Industries manufactures and sells sweet treats in North America. Products are sold through wholesale distributors and reach consumers in grocery stores, drug stores, and on the shelves of discount chains.
Avg. Volume: 171,258
Market Cap: 2.28B
Monthly Green Trade Triangle: 3/17/20 at $35.85
Smart Scan Score: +100
MarketClub members received a green monthly Trade Triangle on March 17, 2020, at $35.85. The stock’s price has moved sideways, but a strong +100 Chart Analysis Scores suggests that TR will move in an upward direction.
Kala Pharmaceuticals, Inc. (KALA)
This Massachusetts-based biopharmaceutical company develops and commercializes eye disease treatments.
Avg. Volume:1,390,017
Market Cap: 17.22B
Monthly Green Trade Triangle: 12/12/19 at $4.67
Smart Scan Score: +100
Since members received a green monthly Trade Triangle on December 12, 2019, at $4.67, KALA has jumped more than 80%
A strong Chart Analysis Score suggests that there is more room to the upside for KALA and members are still holding a long position.
Citrix Systems, Inc. (CTXS)
Citrix Systems offers workspace, networking, and professional services all over the globe. The company provides solutions for the healthcare, financial, technology, manufacturing, and consumer sectors.
Avg. Volume: 2,301,058
Market Cap: 17.22B
Monthly Green Trade Triangle: 3/17/20 at $130.55
Smart Scan Score: +100
CTXS has pushed up 8.1% since members entered a long position on March 17, 2020, at $130.55. With a solid Chart Analysis score, CTXS is likely to continue its move higher.
Weis Markets, Inc. (WMK)
With over 200 retail food stores, Weiss serves grocery customers in Pennsylvania and the surrounding areas.
Avg. Volume: 96,368
Market Cap: 1.16B
Monthly Green Trade Triangle: 3/31/20 at $41.07
Smart Scan Score: +100
MarketClub members received a green monthly Trade Triangle for WMK on March 31, 2020, at $41.07. Since the signal, the share price has pushed higher and the trend remains strong.
While some may think this ride is over, the Chart Analysis Score is showing strong momentum with room to move on the upside.
Changes in price action and crucial chart patterns may alter the outlook for these 5 stocks. This does NOT mean you should sit in front of your computer to monitor the action for these stocks!
Let MarketClub carefully watch these stocks for you with analysis, alerts, and signals.
Begin your 30-Day MarketClub trial right now to get the signals, alerts, and member-exclusive analysis for the hottest stocks, futures, ETFs, and forex pairs for April 2020.
