By Barrie Einarson | Trade Ideas

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’ve got a really nice example of why paying attention to re-entries can make a big difference in your trading. Today, we’re looking at HOST, another alert from our AI.

Our AI originally alerted HOST at $2.15 around 10 a.m. The stock made an initial move up to $2.32, which wasn’t bad, but eventually pulled back and hit the original stop at $2.08.

Now, here’s where things got interesting.

There are plenty of traders who use our AI but don’t necessarily take that first alert. Instead, they wait to see whether the stock will provide a re-entry opportunity later in the session.

And HOST gave us exactly that.

Our re-entry strategy looks for the stock to return to the midpoint between the original alert price and the stop. In this case, that midpoint was approximately $2.11.

Once HOST reached that re-entry area, it really started moving.

From $2.11, the stock climbed to $2.38 before pulling back slightly. It continued making a series of pushes higher and small pullbacks, eventually reaching $2.67 while I was recording this video.

That’s a tremendous move from the re-entry level!

Of course, you have to be very nimble when trading stocks like this. These lower-priced names can move quickly in both directions, and you can’t assume the momentum will continue forever.

But this is a great reminder that missing the initial AI alert doesn’t necessarily mean you’ve missed the opportunity.

Sometimes waiting for that re-entry can give you another chance to participate in a strong move.

Just another really nice example of what our AI can identify and why it’s so important to keep an eye on those re-entry levels.