Hey everyone, Barrie Einarson here with today’s edition of What Makes This Trade Great.

Continuing with the theme from yesterday—finding cheap earnings plays—I had my eye on XERS this morning, and this one played out pretty well. To Subscribe: https://go.trade-ideas.com/SHQ
Use Promo Code BARRIE15 for 15% off

Why XERS?

Pre-market action showed XERS holding above $4.00, which is always a key level for stocks under $5.00. When a stock stays strong over a whole number, I take notice.

Our AI system alerted at $4.20, but I was already watching it. My entry came a little later, around $4.41-$4.42. The stock quickly pushed to $4.50 before pulling back.

Key Levels to Watch

The $4.50 level is significant—it’s a psychological resistance level. Stocks under $5.00 often struggle around these half-dollar marks.

For now, XERS has pulled back, but I’m watching closely. If it retests and breaks above $4.50, I might take another shot at this trade later today.

Final Thoughts

Cheap earnings plays can be a goldmine if you know what to look for. XERS had strong momentum, and the key now is whether it can reclaim $4.50 for another move higher.

What do you think? Will we see XERS break through today? Drop your thoughts in the comments!