Hey everyone, Barrie Einarson here from Trade Ideas with another episode of What Makes This Trade Great! To Subscribe to Trade Ideas: https://go.trade-ideas.com/SHQ
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Today I want to talk about DuPont ($DD) — a name that really got the chat buzzing in the trading room yesterday. Now, if you’ve looked at the daily chart lately, you might have thought, “Whoa… what happened here?” It looks like a disaster at first glance — a huge gap down, massive red candle — but don’t let that fool you. There’s a story behind it.

Here’s what’s going on: DuPont recently did a spinoff, creating a new stock called Q (just the letter Q). That stock actually opened over $100, and now both tickers are trading separately. Spinoffs can create wild price action and confusion, which often leads to opportunity for traders who are paying attention.

When I saw DD close near the high of the day yesterday, I mentioned in the Trade Ideas Live Trading Room that this one might have a shot at some continuation. And sure enough, today it delivered — big time!

I got in this trade myself, and even though I’m not usually a swing trader, I’ve got to say… I’m tempted to hold it if it closes near the high again. There’s a real sense of strength here — it’s filling that void on the chart beautifully after the spinoff drop.

This is a perfect example of why we watch charts closely and stay flexible. Sometimes the best trades come right after big, messy corporate moves — when everyone else is still trying to figure out what’s happening.

Keep an eye on $DD and the new $Q — they’re both worth watching this week.