MomentumTradingHQ.com Featured Stock for the Week of 9/7/24 - 9/13/24: Unity Software (U) Day Trade Return of 8.3%

In a big step by new CEO Matthew Bromberg, Unity is canceling its much-hated Runtime Fee that stirred a developer revolt. This is a big step toward reconciliation with the company's base of game developers. On the other hand, it's a no brainer for the new CEO as the imposition and then dialing back of the Runtime Fee got the former CEO fired last fall.

Our proprietary real time alert services picked up U'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 9:20 am and closed at the end of the day would have gained 8.3%. The chart shows the indicators that were triggered as well as the time.

If you are interested in getting real time stock alerts sent to your email visit MomentumTradingHQ.com and subscribe to the indicator alert service that fits your trading style. There is currently a 7 day free trial.

If you are interested in receiving the Featured Stock of the Week blog visit MomentumTradingHQ.com and sign up for free.