April 7

Corteva: #PowerStocks Series Pick Of The Week (April 2024)

Do you enjoy public speaking?

Does your job require you to speak to a large group of people publicly?

Even today, I still feel nervous when presenting.

It’s tough to believe, but it’s true!

Last week, I had the honor of being an invited speaker in Danang, Vietnam.

I prepared my speech well in advance and am thankful for no slip-ups. Phew!

Back home in Singapore, I shared why I’m expecting a pullback.

The arrival of a pullback will present many swing trading opportunities, so I’m excited.

Shall we review last week’s stock pick, Core & Main, before heading into this week’s #PowerStocks pick?

Review Of Last Week’s Pick Of The Week

Core & Main’s (CNM) share price continued to soar, rising 6% before a huge bearish candle.

This could be the beginning of its pullback.

I think it’s still a great idea to wait for its share price to fall to ~$53 and bounce off before you buy its shares for a swing trade.

Patience pays off in trading.

With that, let’s turn our attention to this week’s swing trading opportunity: Corteva.

Why Is Swing Trading Corteva (CTVA) Worth It?

Corteva Logo

Source: investors.corteva.com

Corteva (CTVA) is this week’s #PowerStocks pick. It’s in the materials sector, providing seed and crop protection solutions.

An uptrend has emerged after a prolonged and massive downtrend in its share price from late 2022 to early 2024.

In addition, its share price has outperformed the S&P 500 by a mile since Feb 2024.

Better still, Corteva’s shares have exploded in price repeatedly, and a pullback is near, suggesting that a swing trading opportunity is near.

You’ll want to continue reading for more details.

P.S.: What if I told you that you could drastically gain control over your emotions of fear and greed, and master the stock market in a short period of time?

My team and I have worked tirelessly to help you achieve results fast.

Click on the banner below to claim your stock course for free (limited time) now!

Performance Of US Stock Market vs Corteva (CTVA)

Comparison of S&P 500 and Corteva

Corteva’s shares didn’t perform well from the beginning. It had struggled before finally shooting and rising steadily.

Being in a steady and predictable uptrend is a plus point when choosing a candidate for a swing trade.

Furthermore, Corteva’s share price performance is impressive compared to that of the S&P 500. Outperforming the overall US stock market is a trait you’ll want because you are searching for alpha gains.

Therefore, its shares are worthy of a deeper analysis.

How Explosive Is Corteva (CTVA)?

Corteva Explosive Up Moves

Here, you’ll want to assess whether the shares of Corteva are worth your time and money.

You won’t want to be stuck in a stagnant stock.

So, I’ve marked out the explosive up moves of its shares for you to consider.

With 11 up moves in just 9 months, Corteva’s shares have demonstrated its ability to burst in a short period of time.

But are these up moves truly impressive?

Boasting a huge market capitalization of more than $39b, up moves measuring between 4.2% and 30.7% are mouth-watering.

Ah, are its shares ready for a buy?

It’s time to go deeper to find out!

Key Price Levels

Corteva Key Price Levels

Having already risen 6.4%, the share price of Corteva could turn in the near future.

Did you manage to identify its key price level at ~$56?

That’s also its immediate support area should its share price fall soon.

If Corteva’s share price falls to ~$56 and bounces off, you’ll want to buy its shares for a swing trade because your chance of success is now higher.

Finally, this is for educational purposes. Please perform your due diligence.

All images are taken from pexels.com, pixabay.com, sectorspdrs.com, tradingview.com, and unsplash.com, unless otherwise mentioned.

Claim Your Free (Limited Time) Stock Course Right Now:

The stock market is full of traps laid out by professional traders.

Many new traders are often left confused by conflicting signs and signals.

Worse still, ~80% of traders lose money.

This is because trading isn’t just about skill alone.

It includes the mastery of your emotions.

But what if I told you that you could quickly gain control over your emotions of fear and greed and master the stock market?

My team and I have worked tirelessly to help you achieve results fast.

Click on the banner below to claim your stock course for free (limited time) now!

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