What Makes This Trade Great: A Deep Dive into FFIE
What Makes This Trade Great: A Deep Dive into FFIE
May 17, 2024
Hello, everyone! Barrie Einarson here from Trade Ideas, bringing you today’s edition of “What Makes This Trade Great.” Today, I’m deviating a bit from my usual content to discuss something truly remarkable that’s happened in the stock market this week. Buckle up, because this is a story you won’t want to miss!
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I’ve been trading for a number of years, and let me tell you, I can’t recall a stock that has performed quite like FFIE has this past week. We’re talking about a stock that started the week at around five cents and skyrocketed to an astonishing $3.90. Yes, you heard that right—a jump from five cents to $3.90 in just a week!
I’ve seen stocks make impressive gains before, maybe going from five cents to a dollar over a period, but nothing quite like this. This kind of movement is unprecedented in my experience and definitely worth dissecting.
So, how do we find stocks like FFIE? This is where having the right tools makes all the difference. On my screen, you can see FFIE right front and center, consistently making waves from Monday through to today. The key here is using a reliable scan tool that can identify stocks showing abnormal trading patterns.
For intraday traders, having a scan tool that highlights stocks with unusual movements is crucial. These tools help you stay ahead of the curve, showing you exactly which stocks are trading abnormally each day. As you can see, FFIE has been a standout all week, and today it’s still up 115%. Compare that to another stock like Duo, which is up 343%—these are the kinds of movements you don’t want to miss out on.
Now, let’s talk about what could be the next big mover. Keep an eye on FLJ; it’s showing signs that it could be the next FFIE. Just like FFIE, FLJ is starting to appear in our scan tools, indicating potential for significant movement.
In conclusion, if you’re an intraday trader, having a powerful scan tool is indispensable. It helps you identify and capitalize on stocks with abnormal trading patterns, just like FFIE. As we head into the weekend, keep your eyes on FLJ—it might just be the next big thing.
Wishing everyone a great weekend, and I’ll see you all on Monday with more insights. Stay tuned, and happy trading!