How I am Trading HIMS
StatsEdgeTrading
Welcome to the Stats Edge Trading "Trade of the Week." I'm a technician and quantitative trader here at Stats Edge Trading, crafting systems that have been backtested for over 30 years. Our approach combines multiple strategies to ensure trading with a proven edge.
This week, we're focused on HIMS 0.00%↑ , intriguing for its dual-trigger potential. The trend-following system has flagged an entry as the stock broke above a pivotal VWAP level. However, earnings are imminent, so caution is warranted. Personally, I'm waiting post-earnings to decide.
Another setup aligns with our pullback algorithm, targeting stocks that surged and pulled back to the $35 zone. The strategy involves buying, then holding above a 50-day moving average or a new 20-day low. It’s a mix of long-term holds and adaptive short-term tactics.
Trading systems are diverse: the trend following has lower win rates but aims for significant wins, while pullbacks enjoy a 58% win rate, balancing risk-reward. Trade Hymns flexibly or skip it; the choice is yours.
For more strategies, explore Stats Edge Trading. Until next time, keep your screens at bay!