Yesterday I sent out an IRIS analyst stock pick to IRIS subscribers…
This is where I take a stock that IRIS picked and make a new, updated trade plan for it.
Just in case anyone missed the email or trade idea.
Or I find a trade idea myself and punch it into the IRIS analyzer to see its analysis of the stock and trade idea.
So today I wanted to do something special and share the trade idea with you.
I can’t give out all the trade analysis from IRIS for free…
But if you want to see what the full AI program can do for you — check it out here.
You might be ready to dive in and accept the future of AI once you see what it can do…
My IRIS Analyst Trade Idea
After hours last Friday, IRIS sent an email watchlist with Affirm Holdings, Inc. (NASDAQ: AFRM) on the list.
It had a trade score of 7.8 out of 10 and a moderate risk level of five out of 10.
IRIS identified it as a potential trade since the stock matched six of the eight criteria it’s programmed to look for.
AFRM hit IRIS’s entry signal on Monday morning and it’s been consolidating since without hitting IRIS’s stop or goal (yet)…
So now it’s on my radar.
I sent out an email yesterday morning with my trade plan for those who may have missed IRIS’s earlier entry.
And AFRM was closing in on my proposed entry price yesterday afternoon. Here’s what it looks like…
In my trade plan, I proposed an entry at $38.71.
On yesterday’s chart, that would be a break above the next major Oracle resistance line (the bright green line).
My target for this trade idea is $41.71+ with a stop loss of $37.71.
That gives the trade a three-to-one risk/reward in a stock that is right at 52-week highs in a market that’s on fire!
I mean look at this one-year chart…
A lot of people might have trouble buying a stock that’s gone straight up for over a week.
However, having AI analyze your swing trade ideas or give you trade ideas, can help you add conviction to your trades.
And I have a few other IRIS picks you can keep your eyes on to see how they do…
Two AI Swing Trade Ideas
Here are two more stocks on IRIS watchlists recently…
UiPath Inc. (NYSE: PATH) has a score of 7.8 out of 10 with a proposed entry at $26.
Samsara Inc. (NYSE: IOT) has a score of 7.8 out of 10 with a proposed entry at $35.
Since you don’t have all the details of IRIS’s trade ideas — make sure you make your own plan before you trade.
If you want IRIS’s full analysis for these and any other stock — sign up here and punch the ticker into the analyzer.
Have a great day everyone. See you back here tomorrow.
Lead Trainer, StocksToTrade