MomentumTradingHQ.com Featured Stock for the Week of 8/12/24 - 8/16/24: Clover Health Investments (CLOV) Day Trade Return of 16.8%

Clover Health Investments (CLOV) shares rose last Wednesday after company co-founder Vivek Garipalli purchased 531,700 shares at $1.88 apiece and owns about 1.41 million shares of Clover following the transaction, a regulatory filing dated Tuesday showed.

Our proprietary real time alert services picked up CLOV's unusual stock and option volume early Wednesday 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 8:50 am and closed at the end of the day would have gained 16.8%. The chart shows the indicators that were triggered as well as the time.

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