💼 Inside the Portfolio: Updates from our Swing Trading Desk

04 Dec 2024 - Insights, adjustments, and forecasts about our latest swing trades 💹

Position Updates:

Lemonade, Inc. (LMND): The stop-in profit was hit today for the final portion of the position, successfully closing out the trade. Overall, this was a solid play, delivering favorable results. While the stock is now bouncing back, the position has been fully exited. It is what it is.

Amprius Technologies, Inc. (AMPX): Yesterday, the position hit our stop at breakeven. Unfortunately, this is a very volatile stock, and was not ready to make the anticipated move. We will continue to monitor for future opportunities.

New Positions and Subscriber Insights:

An excellent new position was added today and is already showing a profit. Details of this opportunity have been shared with our private subscribers via the real-time chat system, ensuring timely execution and updates.

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1. Amentum Holdings (AMTM)

Amentum Holdings, Inc. provides mission-critical, technology-driven services in government and commercial markets. It operates through two segments: Critical Mission Solutions and Cyber & Intelligence.

Fundamental Analysis

• Financial Health: Amentum, a relatively new IPO, has a limited financial history but demonstrates solid fundamentals. The company benefits from a significant government order backlog, reportedly around $2 billion in quarterly sales, highlighting its strong position in the defense and government services sector. However, recent fears of potential government spending cuts under Trump’s DOGE program have triggered a selloff in the stock. Despite this, Amentum’s robust backlog and strategic focus position it well for long-term growth.

Technical Analysis

• Entry Point: We initiated our position when the stock broke above the $24.70 level on the 65-minute chart, coinciding with a break of the triangle on the daily chart. This move was supported by a push in volume.

• Support and Resistance Levels: Support is currently established at $23.60 on the daily chart. The first resistance level is at $25.00, touched and rejected today.

• Additional Notes: None.

Entry Day: 02 December

Price: $24.69