In today’s edition of What Makes This Trade Great, I want to highlight a phenomenal play from our AI—CRNC. This one turned heads with its impressive percentage move, even among seasoned traders. Here’s the breakdown:To Subscribe: https://go.trade-ideas.com/SHQ
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The Setup

CRNC was flagged as an earnings play—admittedly, not the most common setup in my watchlist. It’s also a lower-priced stock, which I usually avoid. But the AI alert at $4.17 caught my attention, and it delivered in a big way.

The Move

After the alert, the stock didn’t immediately rocket, but patience paid off. Once momentum kicked in, CRNC climbed from $4.17 to $5.61—an astounding percentage move. This rally was a prime example of how earnings plays can occasionally surprise us with outsized gains.

The Current Outlook

Now, let’s talk about the technicals. I’m closely watching the Volume-Weighted Average Price (VWAP), marked by the red line on the chart. The VWAP is crucial—it acts as a dynamic level of support or resistance depending on the stock’s trend.

Currently, CRNC is hovering around this level. If the VWAP holds, it could signal a second leg up, making this one worth keeping on your radar. However, a breakdown below it might indicate that the momentum is fading.

Key Takeaways

For those who capitalized on the early alert, this trade showcased the power of AI in spotting high-percentage movers. For everyone else, the lesson here is clear: even lower-priced stocks and earnings plays can provide exceptional opportunities when supported by solid technicals like VWAP.

As always, stay sharp, manage your risk, and trust the process. Keep an eye on CRNC to see if it offers another potential entry.