MomentumOptions.com Alert Update (SOFI) for 12/31/2024

2:20pm (EST)

We have an update on SOFI following Monday’s 2% pullback. We still like CSCO, TEVA, SONY, and RKT heading into the New Year.

Position Alert!

SoFi Technology (SOFI, $15.60, down $0.04)

SOFI January 17 calls (SOFI250117C00017000, $0.40, unchanged)

Entry Price: $0.50 (12/24/2024)
Exit Target: $1.00
Return: 10%
Stop Target: 55 cents (Stop Limit)

Action: The Stop Limit at 55 cents tripped on Monday’s fade to $15.42. The uptrend channel is still holding as well as the five-week trading range. We will look to get back into SOFI on another possible move above $16.50.

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