What Makes This Trade Great: PBBT and the Power of Breakout Scans
What Makes This Trade Great: PBBT and the Power of Breakout Scans
Dec 2, 2024
Hey there, traders! Barrie Einarson here, diving into today’s market action and what made the trades stand out. If you’re looking for solid trade setups and actionable insights, you’re in the right place. Let’s break it down! To Subscribe: https://go.trade-ideas.com/SHQ
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Spotlight on PBBT
This morning, PBBT came out swinging with game-changing news about a cancer study. The market loved it, and the stock went on an incredible run. Here’s the breakdown:
- Alert Price: $5.40.
- High of the Day: $13.48.
- Movement: After the alert, PBBT more than doubled before pulling back, and even hit new highs later in the session.
This is a textbook example of how news-driven catalysts, combined with technical setups, can create powerful opportunities.
The 10-Day Breakout Scan
One of the tools behind these trades is the 10-day daily breakout scan with a 15-minute delay. Why the delay? To avoid the noise of the opening bell and focus on setups with staying power.
Here’s how the scan performed today:
- SNTI: From $7.76 to $16.92—an impressive climb.
- FSLY: Entered at $9.81, rallied to $10.32, then retraced.
- PBBT: The highlight of the session, with gains that speak for themselves.
- MobX: The only one that didn’t play out today, but the rest made up for it!
This scan continues to deliver, helping identify explosive moves across the board.
Join the Trading Room
Want to see this scan in action? Join our trading room, where we break down setups like this in real-time. You’ll get hands-on insights and tips to help refine your trading strategy.
Final Thoughts
Today’s session showed the power of preparation and the right tools. PBBT was a prime example of what makes a trade great—clear catalysts and strong technicals.
Let’s stay focused and ready for tomorrow’s opportunities. See you in the trading room!