Today’s What Makes This Trade Great features RGNX, and this one had all the drama right from the open. To Subscribe: https://go.trade-ideas.com/SHQ
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RGNX is a biotech name, and before the bell even rang, the FDA put a halt on a couple of their drugs. That news absolutely crushed the stock in pre-market trading. We saw it crater all the way down to around $8.29, which you can clearly see in the tan-shaded pre-market area on the chart.

The big question heading into the open was simple:
👉 Would this thing bounce?

And wow — did it ever.

From the open, RGNX staged a powerful rebound. By 9:26 AM, it had ripped higher, eventually reaching $11.49 before showing any meaningful pullback. That’s a massive move considering where it came from just minutes earlier.

This is where things got interesting.

After that bounce began to stall, Trade Ideas AI stepped in with a short alert, essentially saying: “Enough is enough.” The AI identified this as a potential exhaustion point after an emotionally driven rebound — a classic scenario where traders who chased the bounce could be vulnerable.

At this point, the trade becomes a real decision-maker:

• Does the bounce continue despite the bad news?
• Or does $11 fail to hold, opening the door for another leg lower?
• Could we see price roll back down toward VWAP, or even attempt to fill some of that pre-market damage?

As the day unfolds, I’m keeping a very close eye on it. While the AI is leaning short here, this is also one of those situations where I may consider going against the AI later in the day — depending on how price behaves and whether buyers show real conviction.

That’s what makes this trade great:
news-driven volatility, emotional extremes, and clear technical levels — the perfect environment for active traders who know what to look for.