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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Let’s take a look at XP, a Brazilian stock that made a huge move today.

Our AI picked up XP during the move, and the stock was up around 34% at one point. Even after it had already made a big run, there was still a pretty impressive move from the AI alert.

So, why was XP moving like this?

The big story today was Brazil and its election. Election developments were getting a strong reaction from the Brazilian market, and we were already watching that news during the pre-market.

XP was one of the standout movers, but strength wasn’t limited to just this one stock. A number of Brazilian names were moving higher, making this a great example of why it pays to understand the broader news behind the stocks you’re trading.

Sometimes the chart catches your attention first, but knowing why a stock or an entire group is moving can give you some valuable context.

We don’t know where XP goes from here later in the session, but this was certainly an impressive move and another nice catch from our AI.