XpresSpa Group (XSPA) is long from $1.21. It is trading at $2.04 as of this writing. This represents 68% gain in a short time.
XSPA is an airport spa company. It is also providing COVID tests for passengers. As more people get vaccinated and the economy opens up, air traffic should pick up. XSPA will benefit.
So far this stock has not caught the momo crowds’ attention. However, if this stock starts running up further, it is the kind of stock that the momo crowd likes.
Two Separate Positions
There are two separate and distinct positions in this stock.
- The first is a January Effect position. January Effect often produces 30% returns in three months. Please see the January Effect portfolio.
- The second position is a Trade Around position. A Trade Around position is a technique to often double your returns and reduce your risk. To learn more, please see Trade Management Guidelines.
The upper band of the present target zone for the Trade Around position is $3. The target is likely to be raised but only if the present momo crowd success continues. Be aware that this is also the kind of stock that can rapidly fall by a large amount if the overall market pulls back.
For January Effect trades, for aggressive investors, the new target zone is $3.43 to $4.73.
What To Do Now – Trade Around Position
Those in the stock may consider taking partial profits if partial profits have not already been taken.
Those not in the stock may wait for a signal on the Real Time Feed or accumulate on a pullback.
What To Do Now – January Effect
Those in the stock may consider continuing to hold if aggressive. If not aggressive consider taking partial profits here.
Those not in the stock may consider reviewing the January Effect portfolio for not only XSPA but for several other ideas.
To take a free 30-day trial to paid services to gain access to more opportunities, please click here.
This post was just published on ZYX Buy Change Alert.
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