Taking a Shot at a Pullback on This Stock

Just in case you’ve been living under a rock, it’s earnings week!

And in today’s video, I go over what I’m expecting now that the indexes have hit new all-time highs.

Plus, I have a new trade setup for you on a potential pullback.

Click the image below to get the trade.

Playing The Pullback On This Stock



As you’ll see in the chart below, Academy Sports and Outdoors (Nasdaq: ASO) has a really nice daily chart and is currently consolidating near all-time highs. I’m going to take a shot on a pullback to around the 21-day exponential moving average (EMA) and the 618 retracement level. I like the $60 calls, and since the company’s next earnings report is in March, I’m going to go out past earnings and buy the calls that expire on April 19. I’ll aim to get in when the stock is near the 21-day EMA of around $64, and I’ll stop out on a close under $61.

(If you’d prefer a cheaper option than those April $60 calls, I offer a couple of alternatives in the video. Just click the image above and watch until the end.)

Academy Sports and Outdoors Chart(Click to enlarge)

If you want more trade ideas like this, you can join me in real time in Daily Profits Live. Upon joining, you’ll receive the details on all my trades as I make them. Last week, I closed 24 total trades and won on 18 of them for a 75% win rate.

Click here to learn more about how my unique TPS trading system works.

P.S. I love answering your questions. It’s the best and most rewarding part of my gig. If you have a ticker or chart you want me to break down – or just a general trading question – please email me at feedback@monumenttradersalliance.com. I’ll let you know my thoughts on a few submissions in a future video.



“NFLX Lotto – Avg in at $0.86, out at $1.45 for a 67% W [in five trading days]!! Thanks Nate.”
– SpacemanSnoopy1

“Sold [SOFI] at $0.62, bought back at $0.41 for 33% in 27 days. Thanks Karim!”
– GreggD

“In [CVNA] at $2.30 and out at $3.30 for a 30.7% [overnight] winner! Thanks @Bryan!!!”
– Dino