What Makes This Trade Great: PTGX Bucking the Market Trend
What Makes This Trade Great: PTGX Bucking the Market Trend
Mar 10, 2025
Barrie Einarson | Trade Ideas
Hey traders, it’s Barrie Einarson here with another edition of What Makes This Trade Great. Today, we’re looking at a textbook example of relative strength in a weak market, and that stock is PTGX. To Subscribe: https://go.trade-ideas.com/SHQ
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On a day when the overall market is taking a beating—the Dow down 470, the NASDAQ down 560, and the SPY dropping 11 points—PTGX is doing the exact opposite. And that’s exactly the kind of setup I love to see.
AI Picks Up PTGX at $52.30
This one showed up on our Trade Ideas AI scanner early in the pre-market after some strong news hit. The AI flagged it at $52.30, and even though it chopped around a bit, it pushed up to $56, holding strength while the rest of the market was in free fall.
That’s why I always keep an eye on stocks that can move independently of the broader market—when something bucks the trend like this, it’s often a sign of serious momentum.
What Makes This Trade Great?
- Pre-Market Strength – The AI caught it early in the pre-market, where it was already showing signs of strength. That’s often a key signal for a solid move at the open.
- AI Confirmation – Our AI doesn’t just randomly pick stocks—it looks for specific setups with a strong risk/reward profile. PTGX fit that criteria perfectly today.
- Market Independence – While most stocks were getting crushed, PTGX held up and ran. This kind of relative strength can make all the difference when looking for high-probability trades.
Final Thoughts
This is exactly why I love using Trade Ideas AI—it helps me spot these kinds of setups in real time, even on a tough day like today.
Alright, back to the trading room—see you all tomorrow!