Hello, Barrie Einarson here from Trade Ideas with today’s edition of “What Makes This Trade Great.” Let’s dive into a fantastic trade that unfolded recently involving MRUS.

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MRUS, a biopharmaceutical company, made headlines after hours with some exciting news. The perception of this news was overwhelmingly positive, sparking significant activity in the stock. As you can see in my 15-minute chart, the momentum built up during pre-market hours, and once the market opened, MRUS skyrocketed.

Our AI system issued an alert for MRUS at $55.45. You might wonder why the alert wasn’t triggered earlier. The reason is that our AI starts generating trades 10 minutes after the market opens. This delay is crucial because, in the first 10 minutes, stocks can exhibit a lot of volatility. By waiting, the AI can identify more stable and reliable trade opportunities.

Despite this slight delay, MRUS proved to be a stellar trade, climbing from $55.45 to $61.63. It was a beautiful upward movement with no significant pullbacks, making it an excellent candidate for trading.

As the price approached $61.63, we noticed signs that MRUS might start to fade. I’m currently considering a potential short trade if the stock drops below $60. This decision is based on the stock’s orderly rise and the absence of large red candles, indicating a stable upward trend. Additionally, MRUS reached an all-time high, which adds to its attractiveness as a trade.

This MRUS trade had all the hallmarks of a great opportunity: positive news, a strong chart pattern, and a smooth upward movement without any significant pullbacks. As we head into the long weekend with markets closed on Monday, take a moment to appreciate this perfect trade setup. Have a great weekend, and we’ll see you on Tuesday! Don’t Miss our Sale sign-up here