Above the Green Line -01

TPOW Review: IAG Trade Delivers Modest Gain Amid Strong Technicals

TPOW - IAG

IAMGOLD Corp. (IAG) was selected as the Top Pick of the Week (TPOW) on Monday, April 28, based on strong technical indicators, including a StockCharts Technical Rank (SCTR) well above 90, high trading volume, and a confirmed breakout above the Green Zone. A summary of the trade is provided below.

Date Purchased: April 28, 2025
Entry Price: $7.00 (Opening Price)
Sell Date: May 9, 2025 (Friday Close)
Exit Price: $7.03
Gain: +0.43%

📈 Why IAG Was Picked

IAG exhibited a compelling technical setup entering the week of April 28. The stock had:

  • Broken out of a consolidation pattern on strong volume
  • Maintained a SCTR ranking above 90, signaling institutional interest and relative strength
  • Traded well above its Green Line (250-day moving average), indicating clear upward momentum

⏳ Extended Hold Based on Technicals

Normally, the TPOW strategy involves buying on Monday and selling on Friday of the same week, capturing short-term momentum. However, at the end of the first week (May 2), IAG continued to show technical strength:

  • SCTR remained above 90
  • No technical breakdowns or exit signals

As a result, we chose to hold IAG into the second week, consistent with our rules for strong momentum trades.

💰 Modest Gain, Minimal Risk

By Friday, May 9, IAG closed at $7.03, delivering a small but positive return of +0.43%. While not an explosive move, the trade was a success in terms of capital preservation, disciplined execution, and adherence to our proven system.

Even during periods of low volatility, the TPOW strategy demonstrates the power of:

  • Consistent technical screening
  • Risk-managed entries and exits
  • Letting relative strength guide position holding

🔍 Final Thoughts

The IAG trade reinforces the importance of sticking with a rules-based system. While gains were modest, the technical strength that warranted the extended hold played out favorably. We now shift focus to identifying the next Top Pick of the Week—screening for stocks breaking out of the Green Zone, with SCTR ratings above 90 and high-volume momentum.

Stay tuned and stay disciplined.