MomentumTradingHQ.com Featured Stock for the Week of 5/6/24 - 5/10/24: Upstart Holdings (UPST) Day Trade Return of 14%

Upstart Holdings rebounded nicely Thursday morning after falling the day before on Q1 earnings that reported a beat in earnings and revenue but lower Q2 revenue expectations.

Our proprietary real time alert services picked up UPST's unusual stock and option volume early Thursday morning. Depending on your favorite momentum indicator several opportunities presented themselves to get in to capture a portion of the daily return.

As shown in the chart below, a day trade entered at 9:05 am Thursday and closed at the end of the day would have gained 14%. The chart shows the indicators that were triggered as well as the time.

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