Day trading takes nerve, verve, knowledge, and skill for consistent profits.  This is particularly true in the subset of intraday trading as practiced by the pattern day trader.  Some pattern day traders literally trade 500 times per day. I am not even talking about automated pattern day trading systems, but actual point and click manual traders who trade with such massive frequency.

Being or knowing an expert who is aware of the best day trading stock picks can greatly assist regular intraday traders and pattern day traders by providing intraday tips.  These intraday tips can help every style of day trader earn profits and avoid day trading bull traps.

One example of a very profitable short term stock tip was recently witnessed by Wealthpire’s premium short term trading advisory Buy Today Sell Tomorrow.

The company was Coupon.com (Nasdaq:COUP).

The advisory suggested a buy at between $14.15 – $14.30 per share. We easily hit our target as the stock hit an intra-day high of $14.90 a share resulting in huge gains of at least +4.25%.

Here’s what the advisory saw to suggest the trade. Once upon a time, almost any equity even remotely connected to the internet would have had some incredible shining moments, with sharp share price increases—usually followed by a downward share price death spiral. Today, with so many of those operations already “shaken out” of the marketplace, a handful of interesting small-cap internet-related plays remain. One of those is Coupons.com Incorporated which trades on the NYSE under the symbol COUP.

Technically, COUP is trading above its 50 day moving average. Morever, RSI, Stochastics and the MACD are indicating a rise in price action due as the stock is oversold. Traders will be looking for COUP shares to trade higher as long as the stock is trading above support at $13.35 a share.

If the stock holds above support, then COUP will likely climb to at least $14.75 a share where there is some short term resistance.

Action to Take:

Enjoy your profits!!