Monday, November 4, 2024

VRT Ready to Run?

Trade of the Day Wake-Up Watchlist

"The combination of a daily squeeze, stacked EMAs, and strong fundamentals has VRT looking primed for its next move higher."

Nate Bear, Lead Technical Tactician, Monument Traders Alliance

Nate Bear

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Some of the best setups come when you find the sweet spot where technicals and fundamentals line up perfectly.

That's exactly what I'm seeing right now in Vertiv Holdings (NYSE: VRT).

While I trade purely on technicals, it never hurts when the underlying business is firing on all cylinders.

VRT is showing exactly why it's become a crucial player in the AI infrastructure boom.

Their Q3 numbers tell the story - orders up 31%, backlog hitting record levels at $5.5B, and margins expanding well beyond expectations.

But what's really driving this growth?

Every new AI system that gets deployed generates significantly more heat than traditional servers, and VRT's cooling solutions are becoming mission-critical for these massive data centers.

Think about it - without proper cooling, these multi-million dollar AI systems are just expensive paperweights.

But let's focus on what really matters - the price action.

 

The technical setup here is getting too juicy to ignore.

WAR Election - Open House
 

We're seeing a daily squeeze developing, with Bollinger Bands tightening inside the Keltner Channels.

This compression of volatility, especially coming after a strong uptrend, often leads to explosive moves when it finally releases.

What makes this setup particularly compelling is that price is holding near highs while this squeeze develops - when we see compression at higher levels, the odds favor continuation in the direction of the underlying trend.

The fact that previous squeezes in VRT have led to moves of 20-30% makes this one worth paying close attention to.

These patterns of volatility compression followed by expansion have been one of the most reliable technical signals in VRT's recent price action.

I've traded VRT a bunch this year, my last winner in it came on October 2nd, when I brought back a 37% return in just a few hours. And my best trade on it was a 124% return in one day back in April.

In addition to its daily squeeze, VRT's EMAs are perfectly stacked on the daily and weekly chart - a setup I absolutely love to see. When these moving averages align like this, it often signals strong upward momentum that can fuel significant moves higher.

Your Action Plan:

I have not initiated a position in VRT yet. But if I do I'll be using call options to express my positions in the Daily Profits Live Room.

This allows me to risk a little bit of money, define my risk, and play for massive upside.

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