By Barrie Einarson | Trade Ideas

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Today’s edition of “What Makes This Trade Great” looks at XPON — and this one comes from one of my favorite scans that I share in the trading room: the daily trend reversal. To Subscribe to Trade Ideas: https://go.trade-ideas.com/SHQ
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The Alert

The alert came in at 9:36, with the price at $6.69. Now, I’ll be upfront — I typically don’t take trades in the first 15 minutes of the day. But I’ll show you why I made an exception for this one.

The Move

Look at what XPON did from there. I wish I could say I held the whole thing from that $6.69 alert all the way up to $11, but I didn’t. Still, this turned into a fantastic reversal trade regardless of how much of it you captured.

What the Scan Is Looking For

Here’s the daily chart view of what this scan actually targets. Yesterday, XPON was down at least 5%. Then today, it reversed hard and pushed back over that prior high. That combination — a sharp down day followed by a strong reversal back above resistance — is exactly what this scan is built to find.

The Takeaway

This is one of the reasons the daily trend reversal scan is a favorite of mine — it’s designed to catch exactly this kind of setup: a beaten-down stock snapping back with real strength. XPON is a great example of just how powerful that reversal can be once it gets going.

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Trade Ideas’ AI-driven scans, including daily trend reversals, are designed to help surface setups like this one. As always, past performance on any single trade doesn’t guarantee future results — manage your risk accordingly.