Good morning, traders! Today’s standout trade comes courtesy of our AI, which zeroed in on WBA (Walgreens Boots Alliance). On a day when the markets are deep in the red—the Dow is down 691 points, and the Nasdaq is off by 396—our AI managed to find one of the few movers defying the trend. To Subscribe: https://go.trade-ideas.com/SHQ
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Breaking Down the Trade

At 11:16 AM, the AI picked up WBA as a rare earnings play. From there, it was all about upward momentum, with the stock rallying to a high of $11.77 without pulling back. That’s the kind of clean move we love to see!

But here’s the kicker: after hitting that high, WBA retraced, dipping below the VWAP (volume-weighted average price) line. Then, it rallied back above VWAP, signaling potential strength. If WBA can hold above this key level, we might see a late-day run—a pattern that can be lucrative for those paying attention.

Key Insights

• AI in Action: Spotting WBA in a down market showcases the precision and value of our AI tools.
• Technical Significance: VWAP remains a critical level to watch, especially when looking for reentry opportunities.
• Earnings Resilience: Even in a bearish market, earnings plays can deliver strong, independent moves.

Takeaways for Traders

This trade highlights the importance of staying nimble and watching for opportunities beyond the broader market sentiment. Earnings season often produces these gems, and WBA might not be done just yet. Keep it on your radar for potential continuation if it holds above VWAP.