6.30 -0.05 (-0.79%)
After hours: 4:03PM EDT
Price Crosses Moving Average
|Bid||6.30 x 900|
|Ask||6.40 x 1000|
|Day's Range||5.95 - 7.40|
|52 Week Range||1.25 - 22.97|
|Beta (5Y Monthly)||1.82|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 10, 2017 - Feb 13, 2017|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Aug 25, 2010|
|1y Target Est||0.00|
After a crazy few weeks of massive price moves, it seems as though the market has returned to some kind of normalcy in the lead up to the July Fourth weekend. I'm up about $55,000 over the shortened week, posting three solid green days and pretty sizable red day on Tuesday.That red day was an unfortunate way to end what was otherwise a once-in-a-lifetime month where I netted a gross profit of well over a million dollars, had five days in which I posted over $100,000 in winning trades and even managed two $200,000 days.Still, Tuesday's red day was a red flag that the market has shifted to a new phase. I took most of my losses for the day on weak support in Carver Bancorp, Inc. (NASDAQ: CARV), which was the top stock gapping up in the premarket, and Workhorse Group Inc. (NASDAQ: WKHS), which was moving on elevated volume. Both of the charts just broke down after I took sizable positions. And although CARV had some support into the open, it's clear that the market is not as eager to speculate as it was throughout June.It's kind of a bummer that things have started to slow somewhat as summer kicks into full gear, and I'm reticent to draw down my share size quite as much as I have in the past since I did see good results through most of the rest of the week.However, I do the lull represents a good thing overall and makes right now a great time to get started day trading. The past few months have been exciting for me, but daunting to anyone hoping to dip their toe into the trading since the numbers got pretty big and I was admittedly taking on more risk than a lot of retail traders simply because I had the capital to do it.However, the most important aspect of my trading still remains finding the stocks that have the best opportunity for strong price moves and finding consistent entry points to trade them. For me, that means stocks below $10 with a ten-to-100 million share float that have a history of making strong moves to the upside. Given that I'm coming off the best trading streak of my career and the red days are becoming more frequent, I'm going to try and stick to those fundamentals.If you want to learn more about my strategy, or if you want to take advantage of the long weekend to get started on your trading career, Warrior Trading is running a Fourth of July sale where new students can get up to 40% the price of our most popular classes. You can also always follow along with my live daily premarket watchlist and trading recaps on the Warrior Trading Facebook page or Youtube channel.However you want to tackle this new month, I wish you the best of luck and a happy Independence Day to my fellow Americans reading this.See more from Benzinga * The End Of A Record Green Streak, The Beginning Of Something New * Trading Toward Million In 2020 * This Market Is Crazy: +0,000 In One Week Of Trading(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
While Corporate America is taking steps in reaction to the recent protests, including cosmetic ones, shares of some black-owned companies are being frantically bid up.
(UONE) which owns a group of radio stations and other media properties focused on black Americans, has seen its stock surge this week on very heavy volume amid increased investor attention on companies controlled by African-Americans and heavy activity by day traders. There are about 38 million of the Class D shares outstanding. The company, based in Silver Spring, Md., is the largest African-American owned broadcaster in the country.
Anyone following the market right now knows it's the Wild West at the moment. While that's been a point of caution for some investors, the sheer volatility has made the kind of stocks I tend to trades absolutely skyrocket.Case in point, last week saw me log two +$100k trading days, the two best days of my career. Now, this past week has seen two more record-breaking days top even those by more than 50%. My new best trading day ever, June 17, 2020, sits at a gross profit of $224,397.91, more than $90,000 larger than the $132,000 last week's record-breaking day. I followed that up with a $153,000 green day on Wednesday.The big names for the week should be familiar to traders since they made some incredible moves that I was fortunate enough to be tuned in on at the time.Wednesday saw Carver Bancorp, Inc. (NASDAQ: CARV) as the leading gapper in the premarket, surging from a Tuesday close of 2.65 to opening Wednesday at $16 and squeezing to a high just below $23. And despite not being able to use margin to buy shares, limiting me to my cash account, I was able to find some unreal upside simply by buying dips as the stock broke above VWAP. CARV ended up as my biggest green stock this week at a little over $181,000I also had some strong trades in Cohen & Company Inc. (NYSE: COHN), which made an intraday move from $4.80 to a high of $18.90. I was quick enough to find a good entry in the circuit breaker halt and add on the way up for just over $40,000 gross profit.Of course, the big mover from this week was Urban One, Inc. (NASDAQ: UONE), which I didn't trade on Tuesday when it had that huge move above $36 late in the day, but did catch on Thursday as it made moves in the first few hours of trading. I received a lot of good news from Warrior Trading Student who followed this stock higher both days, and I'm happy to have gotten a piece of it as well for a little under $134,000.This has been another crazy week in a series of increasingly wild sessions. As I write this, my account is up almost 500% from where I started the month, I'm just two days from topping my longest green-streak ever and I'm already well past my best annual profits after less than 6 months. I don't want to jinx it, but I'm well on my way to making 2020 a $1 million year.I'm still trying to remain alert to overplaying my hand since every week I seem to take more trades. It's simply that this market has rewarded aggressive trading. So, for now, I'm going to continue to approach the market that way.See more from Benzinga * This Market Is Crazy: +0,000 In One Week Of Trading * The Professor Is In: A String Of Big Wins To Kick Off Warrior Trading Summer School * A Mighty May: Over 0,000 In Gross Profits(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
(Bloomberg) -- Carver Bancorp. and Urban One Inc., two companies that serve Black and underrepresented communities, more than doubled on Wednesday as traders aid trends associated with supporting Black-owned businesses amid global protests against police brutality.Carver jumped as much as 853%, the most on record, on volume more than 100 times the three-month daily average. Urban One’s Class D shares climbed 150% intraday, catching up a bit with a rally in the Class A shares earlier this week. The moves come as calls to “Buy Black” have circulated on social media, pointing consumers to Black-owned businesses as a step toward correcting economic inequalities.The stocks have also seen increased interest from retail investors. Urban One’s Class A and Class D shares were the two stocks with the biggest increases in popularity in Robinhood accounts over the past 24 hours, according to Robintrack.net, an online monitoring service. Carver also saw a huge jump in trading activity on Robinhood in early June.“Buying Black,” coupled with similar phrases such as “buying back the block,” are garnering mainstream attention following protests across the U.S. against police brutality toward Black people. The trend has evolved from long-standing traditions in Black communities to lift up and invest in their own people.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
The largest African-American operated bank in the country says minority communities will continue to face challenges staying open even after the COVID-19 pandemic is over.
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