MomentumTradingHQ.com Featured Stock for the Week of 8/19/24 - 8/23/24: FuboTV (FUBO) Day Trade Return of 13.1%

A battle over media giant Paramount Global could be intensifying with former Warner Music CEO Edgar Bronfman Jr. trying to outbid Skydance for control. Bronfman has vast experience in the media industry and currently serves as the Executive Chairman of FuboTV. His plan to turnaround Paramount has not been made public, but reports link him to potentially assuming the CEO role of the new company.

Our proprietary real time alert services picked up FUBO's unusual stock and option volume early Tuesday 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 9:45 am and closed at the end of the day would have gained 13.1%. The chart shows the indicators that were triggered as well as the time.

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