Trade of the Week: FNKO Breakout Continuation
(With a Time Stop)
It’s Monday, so here’s the free Trade of the Week.
This one comes straight from our momentum strategy inside StatsEdge Pro. The whole idea is simple: find an uncharacteristically strong push, let it consolidate, then look for the breakout to continue for about a week. No vibes. No “maybe if this happens.” Just a level and a decision.
This week’s name: Funko (FNKO).
Why it made the cut:
Short float is roughly 14 to 15 percent with about 5 days to cover at current volume. If it starts moving and volume expands, shorts can become accidental buyers. That doesn’t guarantee anything, but it can add fuel when a breakout is already in motion.
Price action fits the template: FNKO ran from about 3.00 to 3.50 in a few days, then put in a clean consolidation week, and now it’s pushing out of that range.
Here’s the risk box in plain English:
Invalidation area: around 3.25 (worst-case, if it loses that area, the breakout idea is failing)
That’s roughly 0.25 per share of risk from the breakout zone.
Do I need a profit target? Nope. This system is built around time in trade. In testing, the sweet spot is typically one to two weeks, so the default management is a one-week exit. That means next Mo
nday, we clear it out, recycle capital, and move on to the next trigger.
If you want the full list of weekly picks delivered on Sunday, plus the stats and the exact levels across our systems, that’s what StatsEdge Pro is for. You can also grab the free intro courses and newsletter at www.statsedgetrading.com.
Trade safe. Get away from the screens.