The stock that I alerted last Friday morning shot to new 52-week highs later in the day.
You’ve probably heard of this company, it’s a popular EV business, a rival to Tesla Inc. (NASDAQ: TSLA).
And on Friday morning it had barely pushed to new highs when I alerted it. Then it continued to trade higher after my announcement.
Some might call me a fortune teller, a warlock, a psychic … Nay!
You can do this!
Stocks that push to new 52-week highs have a special kind of bullish momentum. All you have to do is scan for the strongest stocks that are spiking on the day, then check the chart for the year’s highs.
From last Friday, I alerted Rivian Automotive Inc. (NASDAQ: RIVN) in the morning as it surged higher.
On the chart below you can see that it spiked to new 52-week highs on Thursday as well. This stock has A LOT of momentum.
Every candle represents one trading day:
And it’s not just RIVN …
Why 52-Week Highs?
When a stock breaks to new 52-week highs, it reveals powerful market momentum that’s often misunderstood.
Most traders and investors dump their losers once a year. They sell off the underperformers for tax write-offs or to rebalance their portfolios heading into the new year.
As a result, when a stock pushes through its 52-week high, it’s signaling that buyers are in control and there aren’t many bagholders waiting to sell into strength.
With fewer sellers overhead, the price can climb faster and higher than most traders expect.
That’s why I love trading these setups. They’re simple to spot and incredibly revealing about market psychology.
When you see a stock hit new highs on strong volume that’s confirmation. It’s proof that demand is outweighing supply. And in trading, that imbalance is what creates opportunity.
So instead of chasing random tickers or trying to predict bottoms, focus on stocks making new 52-week highs with solid catalysts.
They’re already showing us strength, all we need to do is recognize the intraday pattern and manage our risk.
My Alert On RIVN
Rivian Automotive Inc. (NASDAQ: RIVN) showed serious strength last week as it surged to new 52-week highs.
It’s driven by a mix of news catalysts and bullish sentiment.
The spark came from Rivian’s first Autonomy & AI Day earlier in December, where the company revealed its own custom self-driving chip and outlined a next-generation AI tech stack.
That announcement reframed Rivian’s image. From a struggling EV startup to a software-driven automaker that could be capable of competing with Tesla on technology, not just design.
Analysts were quick to jump in. Both Wedbush and Baird raised their price targets, pointing to Rivian’s upcoming R2 SUV platform and new opportunities for recurring revenue from software and autonomy services.
You can see where I alerted this trade on the intraday RIVN chart below from Friday, December 19. This was another alert from our 24 Hour Glitch system.
Every candle represents one trading minute:
Keep an eye on this stock this week. It could surge into Monday. Or it could pull back, giving us a dip buy opportunity.
And look for my next 24 Hour Glitch alert in your email inbox. There’s another trade to make right around the corner.
Stay Street Smart,
Jeff Zananiri
