What Makes This Trade Great: Analyzing MIRM’s Potential

What Makes This Trade Great: Analyzing MIRM’s Potential

Jun 17, 2024

Hello everyone, Barrie Einarson here from Trade Ideas with today’s edition of “What Makes This Trade Great.”

To Subscribe: https://go.trade-ideas.com/SHQ
Use Promo Code KITTY28 for 28% off

Today was a bit of a challenge in terms of finding great trending stocks. However, one stock that stood out from our AI alerts was MIRM.

MIRM’s Performance:

  • Alert Price: $29.24
  • Current Price: $31.00
  • Increase: Approximately 6%

Despite some topping tail issues, MIRM has shown a strong trend, moving up nicely throughout the day. The stock had some positive news, which helped propel its price upwards.

When looking at the weekly chart, there’s a bit more room for MIRM to potentially grow. The target to watch for is around $32.71. While there’s no guarantee it will reach this level, it’s a key point to keep in mind.

  • Some analysts are setting price targets as high as $48.
  • Others have targets around $39.

MIRM’s current trend, combined with positive news and bullish analyst targets, makes it a stock to watch closely. As always, stay tuned for any updates and make sure to check in tomorrow for more insights.

Alright, that’s it for today. I need to get back to the trading room. Have a great evening, and we’ll see you next time!