Hey traders, Barrie Einarson here with some key insights from today’s session that highlight why keeping an eye on news still plays a major role in trading – yes, even in an era dominated by technical analysis and A.I. alerts.To Subscribe: https://go.trade-ideas.com/SHQ
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Today, we saw EVGO make a strong move. Our Trade Ideas A.I. flagged it at $5.29, giving us all sorts of time to react. But here’s the thing—this wasn’t just an alert you blindly follow. This was paired with some game-changing news that made all the difference.

The Department of Energy Makes Headlines

Around 9:40 AM, EVGO caught our attention not only because of the A.I. alert but because of a massive press release. The U.S. Department of Energy announced a $1.05 billion loan pledge to help build out 7,500 new EV charging stations. That’s the kind of headline that moves markets, and this one certainly did. By the time the dust settled, EVGO went from $5.29 to $6.44—a solid percentage gain for anyone watching closely.

Why This Matters

I know some traders focus strictly on charts and technicals, but let’s face it—sometimes the news really does matter. We saw it in the pre-market action with EVGO, which had already started moving before the market opened. Whether you’re a fundamentals-first trader or a technical purist, it’s hard to ignore a headline like that, and it shows why we always need to be flexible in our strategy.

Managing the Trade

Now, if you got in at the A.I. alert price of $5.29, you had plenty of time to decide how to manage the trade. The stock briefly dipped below the entry price but didn’t hit any serious stop levels. That gave us the luxury to make a decision based on the news and the broader market momentum. Once EVGO rallied to $6.44, it was an excellent time to book profits. It’s since pulled back, but capturing that 20% move was a solid win for anyone watching closely.

Key Takeaways

1. Stay Flexible: Even if you’re heavily reliant on A.I. or technicals, news like a billion-dollar government loan can provide that extra push.
2. Don’t Ignore Pre-market Action: EVGO was already moving in pre-market. That’s a sign to keep a stock on your radar, even before A.I. alerts pop up.
3. Manage Risk: Although the stock dipped after the alert, it didn’t trigger stops, giving you the chance to ride out the trade and capture those gains.

That’s it for today’s lesson—always keep your eyes on the broader picture. Whether it’s A.I. alerts, technical analysis, or good old-fashioned news, each one plays a role in finding those winning trades.

See you in the trading room!