# This is a Stock to Watch (+ A Note About Pullbacks)

Canonical: https://stocksurgedaily.com/this-is-a-stock-to-watch-a-note-about-pullbacks/

Hey, Ross here:

It’s the end of the trading week, so let’s close it off with another trade idea.

## **Chart of the Day**

![](https://stocksurgedaily.com/wp-content/uploads/2023/02/ssd210.png)

**Aurinia Pharmaceuticals** (AUPH) is a biotech stock making a powerful move higher.

After more than doubling in just two weeks to start the year, its shares have consolidated in the $8–$9 range.

It has also held and respected its 10-day moving average beautifully.

A push above 9.50 to new highs could be the start of another dramatic rise for AUPH stock. Keep a lookout for this stock.

**P.S.** If you want special trade prospects and potential market moves sent directly to your phone from me – just text the word **ross** to 74121.

## **Insight of the Day**

**When rallies get overextended, pullbacks are normal**.

On the surface market momentum seems to be stalling. But as I mentioned last week, the 2023 rally had gotten a bit too overextended – so I was already expecting this pullback.

In times like these, the best move is to keep a close watch on stocks that had previously demonstrated strong momentum and that are still close to their resistance levels despite pulling back. I’ve highlighted one such stock above – and you’ll see more next week.

And if you want to flood yourself with similar opportunities while everyone else is panicking, then make sure you **[check this out](https://pro.stealthmodeinvesting.com/?tambid=17551)**. It details my strategy for targeting stocks that could be about to see a torrent of institutional money pour in. They’re monitoring this pullback too – and when the time comes, they’ll send stocks surging.

Embrace the surge,

![](https://lh3.googleusercontent.com/u1bkP1uK4S8G0S3HvULgVlf5Oo5Wbrv55mAknbfc5OR6vNHNjP1qlrqX2FKnCLs8y4Q5nWZ9PwfIVqxhz-34fL32yao8wdaoiXCbJJ58EmJQpGN3E4bEH0IN7idHTcKiHWk13J9JVX_wS94ti3GRsm8IvwDHfDXbLDoq3cBuIPLlVZxmB1XRqeqcQ7ou_w)

Ross Givens