What Makes This Trade Great? A Deep Dive into ICAD’s Movement
What Makes This Trade Great? A Deep Dive into ICAD’s Movement
Jan 27, 2025
By Barrie Einarson
Hey traders, today I want to break down a great opportunity we had with ICAD, and why you should never feel like you’ve missed out just because you weren’t in on the first move. To Subscribe: https://go.trade-ideas.com/SHQ
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The market’s been getting destroyed, but that’s not what makes this trade great. Our Trade Ideas AI alerted ICAD at $2.59, and wow, it popped all the way up to $3.00 before pulling back. That’s a tremendous percentage gain! But here’s the thing—if you missed that initial move, there was still another shot to get in.
The Pullback: A Second Chance
After the big spike, ICAD pulled back almost to the original alert price of $2.59, giving us a chance to watch and see if it would set up again. And guess what? It did. Around $2.71, another solid entry point appeared, and the stock pushed back through the $3.00 mark.
This is a great reminder—just because a stock makes a big move and pulls back doesn’t mean the trade is over. Sometimes, stocks revisit those key levels, giving you another opportunity to capitalize.
Looking for a Late-Day Move
I’ll be keeping an eye on ICAD for the rest of the day to see if it makes a late-day jump—something we often see with low-float stocks like this one. These types of stocks can have multiple opportunities throughout the day, so it’s important to stay vigilant.
Key Takeaways
- Patience is key. If you miss the first move, don’t panic—stocks often retest key areas.
- Low-float stocks can run again. Stocks with low float can offer multiple opportunities throughout the day.
- Stay alert for late-day moves. Some stocks rally again as we head into the close, so keep watching.
Don’t feel like you’ve missed out just because you didn’t catch the first move. The market often gives us a second chance—sometimes even a third!
See you all in the trading room tomorrow.