Hello, Barrie Einarson from Trade Ideas here with today’s edition of “What Makes This Trade Great.” Today, I want to talk about a standout earnings play involving MEI—a real gem identified by our AI.

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Now, let me tell you, this was an earnings play that really caught my eye. After kicking myself for not taking full advantage of SGH yesterday, I promised myself I wouldn’t miss the next opportunity. And MEI was it.

MEI was triggered by our AI at $12 in the pre-market, and it looked promising right from the start. Even though it was a bit choppy throughout the day, it showed significant potential. Our AI’s early trigger was a strong indicator, and true to form, the stock climbed to $13.84 before experiencing any notable pullback.

We’re currently in a lull before the full earnings season kicks off next week. This means fewer stocks are meeting my stringent filter requirements. When a stock like MEI comes along, it gets my full attention. There aren’t many plays out there right now that pass my filters, making MEI a rare find.

I had to stay on top of this one all day long. It was a bit of a rollercoaster—I got in and out a couple of times, taking a small loss on one trade and a small gain on another. But I didn’t give up. On my third attempt, I went in big and managed to ride the stock up to its peak.

As we gear up for earnings season next week, expect a flood of opportunities. This window will be brimming with earnings plays, and I can’t wait to dive in. When there are fewer plays to focus on, like right now, it’s easier to concentrate on the standout stocks.

If you look at MEI on a weekly chart, there’s still room for it to climb to around $14.50. While I can’t promise it’ll get there, the potential is there, and it’s another testament to the power of our AI.

This MEI trade turned out to be a fantastic example of what makes a trade great. It was all about persistence, paying close attention to the AI triggers, and being willing to jump back in after a couple of bumpy starts.

Stay tuned for more updates, and as always, happy trading! Check out my homepage here

See you in the trading room!