When the market dips, we don’t just survive; we thrive! Recently, Holly, the Trade Ideas AI-powered trading engine, flagged SMART Global Holdings, Inc. (SGH) as a no-brainer short at $21.42. By tea time, SGH nosedived to $19.21, resulting in a 10.3% profit for those following Holly’s lead. Let’s evaluate the accuracy of this prediction and see where SGH stands today.
Initial Prediction and Current Evaluation
| Date | Stock | Price on Prediction Date | Current Price | % Change |
|---|---|---|---|---|
| June 24, 2024 | SGH | $21.42 | $17.79 | -16.95% |
Measure of Success
To measure the success of Holly’s prediction, we use a scale of 1-10 based on accuracy, gain realization, and consistency. Given the significant drop in SGH’s price from $21.42 to $17.79, Holly’s prediction was highly accurate and profitable.
Score: 9/10
Conclusion
Holly AI’s prediction for SGH was spot-on, demonstrating its capability to spot profitable opportunities even in market downturns. With a 16.95% drop in SGH’s price, traders who followed Holly’s lead realized substantial gains. This consistency in performance makes Holly an invaluable tool for traders looking to capitalize on both market highs and lows.
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