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Sami Abusaad’s Trade of the Week: NLNK

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In this special video, Nightly Game Plan Moderator Sami Abusaad walks you through a winning trade in Newlink Genetics (NLNK).

Biotechnology stocks have been hot as of late, but few are hotter than NLNK, which recently skyrocketed on positive results from a clinical study.

After NLNK's rally, Sami spotted the opportunity for a Climactic Sell Setup, giving him a profit of over $3,100 in 4 days*.

Here's how the trade worked:

*(click here for a breakdown of our P&L calculations)

In the video, Sami's going to walk you through the trade from start to finish so you can understand:

  • Why NLNK showed up on his radar
  • What qualified NLNK as a climactic play
  • Where Sami set his entry, stop, and target for a 3:1 reward:risk ratio
  • How the Climactic Sell Setup works
  • Why he used the 5-minute time frame on this trade
  • The pattern that signaled a breakdown in NLNK was coming

Click here to learn about Sami's Nightly Game Plan

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