U.S. Markets closed
  • S&P 500

    4,544.90
    -4.88 (-0.11%)
     
  • Dow 30

    35,677.02
    +73.94 (+0.21%)
     
  • Nasdaq

    15,090.20
    -125.50 (-0.82%)
     
  • Russell 2000

    2,291.27
    -4.91 (-0.21%)
     
  • Gold

    1,793.10
    +11.20 (+0.63%)
     
  • EUR/USD

    1.1650
    +0.0019 (+0.1631%)
     
  • 10-Yr Bond

    1.6550
    -0.0210 (-1.25%)
     
  • Vix

    15.43
    +0.42 (+2.80%)
     
  • GBP/USD

    1.3760
    -0.0036 (-0.2601%)
     
  • USD/JPY

    113.4800
    -0.5080 (-0.4457%)
     
  • BTC-USD

    60,916.49
    -1,927.70 (-3.07%)
     
  • CMC Crypto 200

    1,453.34
    -49.70 (-3.31%)
     
  • FTSE 100

    7,204.55
    +14.25 (+0.20%)
     
  • Nikkei 225

    28,804.85
    +96.25 (+0.34%)
     

Former Veteran NYSE Trader David Green's Tuesday Trades: Alibaba, Moderna, Airbnb, AMD, and Robinhood

  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
·3 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

Veteran trader David Green was back live trading on Benzinga Tuesday morning, and the long-time trader made some trades in some big-name stocks such as Alibaba Group Holding Inc (NYSE: BABA), Moderna Inc (NASDAQ: MRNA), Airbnb Inc (NASDAQ: ABNB), Advanced Micro Deviced, Inc (NASDAQ: AMD) and Robinhood Markets Inc (NASDAQ:HOOD).

Alibaba’s stock ripped higher Tuesday morning, opening at $169 a share, more than 4% higher than shares closed on Monday. The stock continued to trade higher early in the trading session, reaching $172 a share. Green put out multiple orders to buy 100 shares of Alibaba on any dips.

“There goes BABA,” Green said. “We’re seeing a little resistance here, but if I see BABA trading sideways, I think we could see $180 by the end of the week. ”

Green was suggesting selling some of the shares he picked up on Alibaba for a profit at $172.80. The stock ended up breaking through that pivot point, but Green and his trading room still took a profit.

Live Trading With David Green is a morning trading show in which David live trades the open on Benzinga. The show airs Monday-Wednesday at 9:25 am ET on BenzingaTV.

Stocks Discussed On The Show

Moderna

Moderna’s stock opened lower on Tuesday, and is trading well off its highs on Monday. The stock was down as much as 5% on Tuesday, trading around $390 a share.

Airbnb

Airbnb’s stock opened slightly higher than Monday’s close, and then skyrocketing early Tuesday. Shares opened at $147, and then quickly rose to $157, trading up more than 7%.

Advanced Micro Devices

AMD’s stock opened higher on Tuesday, and then quickly gave up gains. Shares of the semiconductor giant opened around $110 a share, and then dropped to below $108 a share. Green put out orders to buy AMD on the dip.

Robinhood

Robinhood’s stock showed strength on Tuesday, Green pointed out. The stock opened up, around $46 a share, and traded higher to the $49 mark. Green got in and out of the stock, taking profits on the way up.

Green mostly executes quick day trades, both on the long and short side. When a stock hits one of his pivot points he initiates a buy order with a tight stop loss.

Watch the full episode in the clip below, or click here to watch.

About The Show:

Benzinga’s Wall Street Global Trading Academy follows Wall Street Veteran David Green as he live trades at the market open breaks down what he is trading today. The show streams live Monday-Wednesday at 9:25 am ET on Benzinga's Youtube, Twitter, and Twitch.

About The Host

David Green is a 30-year veteran of Wall Street, including 13 years as a specialist on the floor of the New York Stock Exchange. Since retiring from the floor, Green spends his time helping retail traders. Green built a full-fledged trading course, Wallstreet Global Trading Academy, with fellow floor trader Peter Tuchman. To learn more about the course, click here or follow it on Facebook.

See more from Benzinga

© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.