Hey everyone, Barrie Einarson from Trade Ideas with today’s edition of What Makes This Trade Great? To Subscribe to Trade Ideas: https://go.trade-ideas.com/SHQ
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We had a massive mover from our AI today with XRPN.

Our AI alerted XRPN at around $29.47. The price action was a little choppy at first, so you could have waited for some of that early volatility to settle down before making a move.

Once it did, though, this stock absolutely took off.

XRPN ran from the $29 area all the way to around $40 before seeing a significant pullback. That’s a tremendous move from the original AI alert.

And this is one of those cases where the news really mattered.

XRPN is a blank-check company involved in a business combination with EverNorth, with the deal centered around XRP. That news brought a lot of attention to the stock and helped fuel the move higher.

We’re also dealing with a relatively low-float stock, with around 17 million shares in the float, which can contribute to some pretty dramatic price action when momentum and volume come into the name.

I don’t know where XRPN goes from here, but there’s no question that this was a massive move from the $29.47 AI alert.

Another great example of our AI catching a stock with serious momentum.