Hello traders! Barrie Einarson here from Trade Ideas, bringing you today’s edition of “What Makes This Trade Great” featuring LRHC. This stock has shown some significant movements recently, making it a prime candidate for our analysis.

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Last week, LRHC was incredibly active. Let’s dive into the charts to see what happened. First, I’ll pull up the weekly chart to give you a broader perspective. You can see the significant movements we had last week, but for a clearer picture, let’s switch to the daily chart.

On the daily chart, we see that they announced a financing plan mid-week, which initially caused some volatility. However, by Friday, they reversed their decision on the financing, leading to a significant spike in the stock price. This decision to cancel the financing was a major catalyst for the stock’s explosive movement.

Today, LRHC made another critical announcement about acquiring a controlling interest in another company. This news has sparked considerable activity. Let’s break it down with a 15-minute chart.

In the pre-market, LRHC was relatively quiet, hovering around 90 cents. However, as soon as the market opened at 9:30 AM, the stock skyrocketed from $1 to $3. This kind of movement is what traders dream of.

One of the key tools I use to identify such opportunities is the Racing feature. LRHC won 13 races, making it impossible to miss. It was also prominently featured in the Real-Time Strength Leaders from the market close, further highlighting its potential.

Many of us in the trading room took advantage of LRHC’s low float and high volatility today. It was a perfect example of how market sentiment and news can drive a stock to new heights.

Remember, tomorrow is a market holiday, so we’ll resume trading on Thursday. Enjoy the break, and I’ll see you back in the room soon.