Well, my last two "dip buys" have been huge winners. Back on March 8, I called Costco (Nasdaq: COST) "the most unloved stock on Wall Street." At the time, Costco was trading for less than $300 per share. Today, it's around $550. That's a monster winner. Then, on April 20, I said, "Buy this dip immediately." I was talking about Nike (NYSE: NKE). At the time, Nike was trading for around $125 per share. Just recently, it touched a high of $187. Again, that was a big winner. So clearly, my "dip buy" track record has been on point. What's my newest pick? Target (NYSE:TGT) - and here's why... As you can see below, Target is now testing a twice-confirmed support range between $220 and $225 that held up in October and June. YOUR ACTION PLANIf you want to buy one of the country's top retailers at a 20% discount, then it's now time to buy the dip on Target. This represents the best - and safest - way to capitalize on market fears. This strategy worked with Costco... and it worked with Nike. And right now, I believe it'll work with Target. Buy this dip. P.S. If you want to get my top pick delivered to your inbox each and every Wednesday, then you're invited to level up and join Trade of the Day Plus. Click here for details. |
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