If you would’ve told me last week that Tupperware Brands Corporation (NYSE: TUP) would hit $3.75 in a week — I would’ve said you’re nuts!
It’s freaking Tupperware — it has a large float and it has no news…
It’s not like it’s a low-float biotech running on news of a promising cancer treatment.
That’s why I underestimated the potential moves all week. But I’m a big boy and I can admit when I’m wrong…
And I made up for it by making a few calls that played out beautifully yesterday.
Remember, as a trader, it’s okay to be wrong. Just don’t stay wrong.
I redeemed myself with my calls in Pre-Market Prep, so let’s dive into the game plans and why this thing gained 97% yesterday.
If you missed my huge reveal last night — click here to see how the next revolution in trading can help you spot trades!
Three Ways to Trade TUP
Every day during the Tupperware Brands Corporation (NYSE: TUP) run this week, I underestimated it — until yesterday.
In Pre-Market Prep I told traders there were three ways to trade this … And there’s only one reason this stock was up as much as it was…
It was gapping up yesterday morning because shorts continue to guess tops.
I was lurking in a chatroom on Thursday when traders were shorting the high of the day break around noon.
I don’t understand why people want to get run over on the front side of the move when they could just wait for the shift…
But, hey — it creates an opportunity for long-biased traders!
And I was ready for any potential move it made…
First, TUP was on Oracle with a signal price of $2.31. So using that as your entry point was a valid entry.
If you don’t have Oracle (which I don’t know why you wouldn’t — she’s amazing), that same level was in play for the dip and rip pattern…
And boy, was it a beauty!
TUP chart: 10-day, 5-minute candle — courtesy of StocksToTrade.com
After TUP broke the premarket high it went on to make a 59% move!
But even if you slept in yesterday and missed the Oracle signal and the dip and rip…
You could’ve watched Pre-Market Prep a couple of hours later and still gotten a solid trade idea…
Because during my webinar I also said, anytime TUP breaks the high of the day — it’s a trade.
Here’s my exact note:
$TUP HOD breaks all day.
And here’s what the high of day breaks looked like…
TUP chart: 1-day, 5-minute candle — courtesy of StocksToTrade.com
So there you have it — three ways you could’ve traded TUP yesterday just by tuning in to one morning webinar for 15 minutes.
How did I know what moves to watch for?
That’s where my 15 years of trading experience becomes invaluable…
I don’t think there’s as much value anywhere else.
If you want to get in Pre-Market Prep every single morning the market is open — attend a webinar to find out how here.
It’s also where you can see how to get access to Oracle to help you find the hottest stocks to trade and the best potential entries.
See you there!
Have a great day everyone. See you back here tomorrow.
Tim Bohen
Lead Trainer, StocksToTrade