March 2021 had no shortage of market-moving headlines. From a container ship blocking the Suez Canal to millions of Americans cashing in their stimulus checks, it was an interesting month to say the least.
The Nasdaq traded relatively flat for the month, up approximately 2%. However, the Dow Jones Industrial Index jumped more than 6% as investors scrambled to pick up shares of cyclical stocks. The S&P 500’s gain sat somewhere in the middle of the other two indexes, up about 4%
There is already optimism in the air for April, as consumers spend their stimulus checks on discretionary purchases and businesses reopen with more Americans receiving the vaccine.
Accelerated returns with limited downside have made stock options the hottest investing vehicle. Even Buffett is using options to make billions on the side of his value investing technique! MarketClub’s Top Options List ranks the top optionable stocks for you.
As we move into April, these five stocks are topping our list as strong-trending movers.
5 Hot Stocks for April 2021
Keep in mind that the trend can shift quickly for these stocks. MarketClub members receive alerts and updates for their favorite stocks, futures, forex, and ETFs as we spot new patterns or signs of weakness.
Join us now to get up-to-the-moment analysis on these stocks and trend-finding scans throughout the day.
Sunworks, Inc. (SUNW)
Sunworks, Inc. provides photovoltaic-based power systems for agricultural, commercial, industrial, public works, and residential markets throughout the United States. The company also provides installation services and management systems.
The stock has exploded more than 2,160% since the long-term Trade Triangle alerted members of a bullish swing on June 17, 2020, at $0.74.
After hitting an all-time high on January 25, 2021, the stock took a sharp move down. A new intermediate-term Trade Triangle, issued on April 1, 2021, suggests that the stock has regained bullish momentum. A +100 Chart Analysis Score points to a move higher for SUNW.
Pacific Biosciences of California, Inc. (PACB)
This healthcare company manufactures systems to resolve genetically complex problems. The company serves research institutions, commercial labs, pharmaceutical companies, and agricultural companies worldwide.
In early February, Piper Sandler upgraded PACB from “neutral” to “overweight.” However, Morgan Stanley maintained an “equal-weight” rating.
MarketClub members received a long-term Trade Triangle on June 5, 2020, at $4.06. Since then, PACB has jumped $35.94/share or approximately 785%.
With a +100 Chart Analysis Score and new intermediate-term Trade Triangle issued on April 1, 2021, this stock has the technical ability to climb.
Zynga Inc. (ZNGA)
Zynga Inc. provides social game services to customers across the globe. Some of its most popular game titles include Words with Friends, Zynga Poker, and Tangle Master 3D. The company also offers advertising services to business customers.
The company has met or exceeded earnings consensus EPS targets for the last four reporting periods and is scheduled to release Q1 2021 earnings on May 4, 2021.
MarketClub members following the long-term Trade Triangles would be holding a long position established on December 18, 2020, at $9.91. Since that signal, ZNGA is up approximately 4.49%.
A new intermediate-term Trade Triangle issued April 1, 2021, confirms that this stock is in a bullish trend and should continue its upward trajectory.
Microchip Technology Incorporated (MCHP)
This company develops, manufactures, and sells semiconductor products to customers in the Americas, Europe, and Asia. Microchip Technology provides products to the automotive, industrial, and aerospace industries.
Longbow Research upgraded their rating from a “neutral” to “buy” in early March, joining positive outlooks also issued by Rosenblatt, Mizuho, and Jefferies. The company has consistently exceeded analysts’ earnings estimates and is ready to report Q1 2021 on May 5, 2021.
MarketClub detected a long-term trend shift for MCHP on June 3, 2020, at $99.24. The stock has since moved $59/share or approximately 59%.
A +100 Chart Analysis Score and a new intermediate-term Trade Triangle suggest that MCHP may swing higher. MarketClub members will look for MCHP to continue its bullish move unless the Chart Analysis Score or new Trade Triangle indicates a trend shift.
Freedom Holding Corp. (FRHC)
Freedom Holding Corp. provides retail security brokerage, security trading, market making, and underwriting, among other services. The company operates primarily in Russia, Kazakhstan, Ukraine, Uzbekistan, Kyrgyzstan, and Cyprus.
MarketClub members received a long-term Trade Triangle for FRHC on May 26, 2020, at $16.78. As of April 1, 2021, the stock is trading over 230% higher at $56/share.
A new intermediate-term Trade Triangle and a +100 Chart Analysis Score suggest that FRHC has more room to run. Members will watch for a trend reversal and a drop in the stock’s Chart Analysis Score.
These are not the only stocks to earn a coveted +90 or +100 Chart Analysis Score since the first trading day of April.
See the other strong-trending names showing up on our free Top Stocks Scan today.