Almost two-thirds of the stocks on my breakout scan during my Monday night strategy session were previous IRIS swing trades…
Swing trades are just so hot right now.
Just look at stocks from my weekly watchlist from the last two weeks…
There’s a reason I kept the same five stocks on it two weeks in a row.
If it ain’t broke, don’t fix it.
That’s what swing trading is about…
You have to make a plan and then let it work — you don’t have to micromanage the trade.
Since swing trades are so successful right now, I’m doubling down on a swing trade watchlist…
Here are three picks from our IRIS AI swing trade analyzer, including entry points, risk levels, and more!
3 Swing Trades to Watch From Our IRIS AI Analyzer
You might think swing trading these large caps is just for traders with large accounts.
But you can take small positions, or even better, trade the options for these stocks.
And IRIS doesn’t just give out high-priced stocks. I have a stock for you today that’s trading around $4 per share.
So don’t give up on a strategy just because you have a small account.
Swing trading might be what makes trading work for you — especially if you’re a part-time trader with a full-time job and other commitments.
New to swing trading? Watch my 7-part Swing Trading 101 video series here.
Here are three IRIS swing trade ideas you can try out…
Intel Corporation (NASDAQ: INTC)
IRIS sent out INTC as a swing trade idea with a score of 7.8 out of 10 and a risk rating of 5.7.
INTC has been consolidating since its big move after hitting a new 52-week high on November 15.
IRIS gave a plan with a risk/reward ratio of 1:3.81. Here’s the proposed trade plan:
- Entry Price: $44.0 (per share)
- Exit Price: $53.335 (per share)
- Stop Price: $41.548 (per share)
INTC chart: 1-year, daily candle — courtesy of StocksToTrade.com
Shopify Inc. (NYSE: SHOP)
SHOP is IRIS’s latest pick.
It emailed out SHOP as a swing idea on Monday after hours. SHOP has a score of 8.9 out of 10 but with a higher risk rating of 7.3.
SHOP just announced that merchants had record sales over Black Friday and Cyber Monday totaling $9.3 billion.
The stock had a big pullback in premarket on Tuesday after an analyst downgrade. But the stock bounced back during regular trading hours.
Now it’s creeping up on IRIS’s proposed entry price.
Here’s IRIS’s plan:
- Entry Price: $75.00
- Goal Price: $96.06
- Stop Loss Price: $68.043
SHOP chart: 6-month, daily candle — courtesy of StocksToTrade.com
OppFi Inc. (NYSE: OPFI)
OPFI was also on IRIS’s swing trade list after hours on Monday. IRIS gave OPFI a score of 7.5 out of 10 with a risk rating of five.
The company announced earnings on November 9 and broke out to new 52-week highs on November 15.
Since then the stock has climbed from around $2.75 to almost $4 — putting it right near IRIS’s proposed entry…
- Entry Price: $4.00
- Exit Price: $6.28
- Stop Loss Price: $3.39
OPFI chart: 1-year, daily candle — courtesy of StocksToTrade.com
These are just some of the details IRIS gives out as part of its swing trade analysis. It also breaks down company financials and risk profiles in depth.
IRIS even gives you a proposed position size based on an account size of $10,000 so you can keep your risk-to-reward ratio in check.
Not one single person who has bought this tool has asked for a refund — that tells just how useful it is to traders!
Get our IRIS AI working for you today and have in-depth trade ideas delivered to your inbox!
Have a great day everyone. See you back here tomorrow.
Tim Bohen
Lead Trainer, StocksToTrade