Friday Trade Ideas: SNOW & NVT

A trade idea for SNOW just in time for earnings. Plus, NVT picking a direction.

Typically, I prefer to trade leading up to earnings or following the event, but rarely do I take a trade through a company’s earnings report date.

The reasons are many but simply put, I do not think the odds are in your favor too often.

But then there are those set ups that look ready to make a big move and the risk can be minimized. That is when I like to take the trade through earnings.

SNOW is giving us that exact opportunity.

After the huge drop on the prior earnings report, shares drifted lower but then appeared to have found a bottom.

Now a solid base has formed, the candles are giving us higher highs and higher lows, and we are less than a week away from earnings.

The second trade idea I’m considering is for a little longer duration than just the two weeks planned for SNOW.

NVT is looking to pick a direction and if it chooses up, I like the potential for continued gains to follow.

Thank you again for your support of A Trader’s Education!

Here are today’s trades in SNOW and NVT, complete with entry/exit plans, options selected, and stop loss levels.