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
Use Promo Code BARRIE28 for 28% off

We’ve got a really nice one from our AI today with EAF, and this is an interesting earnings play.

Our AI picked up EAF at $10.27, and before seeing much of a pullback, the stock climbed to around $10.80–$10.86. That’s a pretty nice move from the original alert!

At the time of recording, EAF had pulled back slightly to around $10.64, but it was still holding up pretty well.

Now, here’s what makes this one interesting.

You don’t often see companies release earnings after the market closes on a Friday, but that’s exactly what happened with EAF.

I actually checked the stock during Friday’s after-hours session to see whether there was any reaction, and there really wasn’t much happening.

Fast-forward to today, and what a difference!

EAF came out with a strong move, climbing approximately 26% on the day as traders reacted to the earnings announcement.

And the interesting thing is that there could still be more room for this stock to move.

If you pull up the weekly chart, you’ll notice that EAF still has some room to the upside. Now, that doesn’t mean it’s guaranteed to keep climbing, but it’s certainly something I’ll be watching.

This is a great example of why it’s important to pay attention to earnings announcements, even when the immediate reaction seems quiet.

Sometimes the real move doesn’t happen until the next trading session.

Our AI did a great job identifying EAF as the momentum started building, giving traders an opportunity to participate in a strong earnings-driven move.

Another really nice alert from our AI today!