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

This morning, we had a trade idea come from our AI on DM (Desktop Metal). The alert hit right around $4.35, and while nothing looked too exciting at first glance… pre-market told a different story. To Subscribe: https://go.trade-ideas.com/SHQ
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DM popped all the way up to $4.92 in pre-market action. Why? It’s tied to a court-ordered merger with Nano Dimension (NNDM). Originally, Nano Dimension was supposed to merge with DM, but apparently, they were dragging their feet. Now a court has stepped in and said, “You’ve gotta make this happen.” That’s what gave us that initial spike.

Now, someone in the room mentioned the merger price is supposed to be about $5.50. Whether or not the deal actually goes through isn’t the point right now — the key takeaway is how the stock reacted to that legal news.

DM pulled back sharply after the initial surge — I didn’t show the downside move in the clip, but trust me, it happened. Still, the important thing is it’s holding the VWAP, which is that red line you see on the chart. That’s what I’m watching now. If it holds and volume comes in, we might get another pop later in the day.

So, not a home run yet, but definitely one to keep an eye on with all the merger buzz and price levels in play.

Back to the trading room for now — talk soon and good luck out there!