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 an absolutely incredible one today, guys, with OMH, and this is a perfect example of why I love my Trend Reversal Scan.

First, let’s take a look at the daily chart.

OMH had already made a massive move last week, followed by a couple of days of selling pressure. Looking at that chart, you might have thought the big move was finished.

But boy, was that ever wrong!

Today, OMH came roaring back, delivering another explosive move higher.

So, how could we have spotted this opportunity?

That’s where my Trend Reversal Scan comes in.

We had an alert on OMH at 9:38 a.m. Eastern Time, when the stock was trading around $24.60.

And look what happened next!

Before seeing a significant pullback, OMH skyrocketed all the way to approximately $64.

That’s an absolutely incredible move from the original alert!

Now, I’m not going to pretend this was an easy trade. OMH is a low-float stock, and when you’re dealing with that kind of volatility, things can move incredibly fast in either direction.

You have to be careful, manage your risk, and understand that these stocks can reverse just as quickly as they move higher.

But this is exactly why I like the Trend Reversal Scan so much.

It helps identify stocks that may be changing direction after a significant move, whether that’s a potential long opportunity following a selloff or a short opportunity after a strong rally.

And today, we had several fantastic setups on both sides of the market.

The big takeaway? Just because a stock has pulled back for a couple of days doesn’t mean its momentum is finished. Sometimes those reversals can produce some of the biggest moves of the day.

OMH was an outstanding example of that today.

If you want to learn more about how I use the Trend Reversal Scan, come join me in the Trade Ideas trading room, and I’ll show you how it works!

See you tomorrow, everybody!