by Andy, Your Trader’s Guide

Dec. 22 and it’s a regular Friday – or not. The last trading day before Christmas looks promising. A festive wave seems to be sweeping the market, with SPY hinting at a climb towards an all-time high. There are whispers in the air of the bulls taking over, but as traders, we are famed for strategizing our moves and avoiding treading through the overbought territories. Therefore, today’s excursion gives a nod towards stocks exhibiting pullbacks.

“Who knows, maybe all-time highs today but a lot of stocks look like this. We’re going to try to find some things that may have pulled back a little bit more. Not chasing stocks as they go through all-time highs.”

Spotlight Stocks for Friday Trade

Let’s dive into stocks that offer ample room for seizing charge as they pull the line back from their recent heights.

1. LFMD

The first stop on our list, LFMD presents an enticing opportunity. After prevailing a nice pullback from the 910 level, it hints today at gapping up. There’s quite a nice little setup unfolding there. The choice to enter or exit is left to your discretion.

2. Williams Sonoma

Next up, we have Williams Sonoma. It seems to mirror SPY’s performance, but definitely a thrilling spectacle there. Seeking another candidate from its league might lead us to WRB.

3. WRB

This one’s quite an exciting find, pulling back to its 50 period moving average, bouncing off of it. An approach you could adopt is to try going in above yesterday’s high. An early exit strategy might utilize yesterday’s low as the stop. If it doesn’t hold that low, you might consider bidding your adieu to protect your investment. This scenario puts forward a pretty appealing reward-to-risk ratio.

4. Upwork

Upwork earns its place on today’s list for a compelling reason. After pulling back from the 16 level, it holds steady and bounces off the 20, making friends with the 10 period moving average. Potential entry could be spotted above yesterday’s high, marking the bounce-back zone.

5. Path

Wrapping up our list is Path. Despite pulling back from its highs, it’s maintaining its ground effectively. One technique might be to look for a move above yesterday’s high, banking on the strong chart Path boasts of.

There are countless more prospects on the board, provided you pair your intellect with intuitive trade ideas. That’s it for now, but I’m brimming over with investment insights and looking forward to sharing more next week. I wish you a merry Christmas and a happy trading weekend. May the trade winds favor your sails.

Remember, the market is a beautiful paradox – it ties risk and reward in an intricate dance. So, let’s enjoy the ride and come back stronger next week.

Stay tuned, bon voyage, and catch up with you later, traders!

Happy trading!