Tuesday, July 15, 2025

This 22% Short Float Really Caught My Eye

Trade of the Day Wake-Up Watchlist

"What's interesting about RGTI is the trend line – if it breaks, we could see a big run up into earnings."

Nate Bear, Lead Technical Tactician, Monument Traders Alliance

Nate Bear

Earnings season is underway, and if you're a newer trader, the truth about trading earnings is…

It's vital to avoid guessing.

Instead, I like to look for charts with already established momentum.

And there's one company on my watchlist right now that fits the bill.

Watchlist stock: Rigetti Computing Inc. (RGTI)

Yesterday, Rigetti Computing Inc. (Nasdaq: RGTI) came across my S.A.M Scanner and it was love at first sight.

Here are a few reasons why I like RGTI for a potential trade…

For one, It has a weekly A+ squeeze, meaning it's coiling like a spring for a potential move.

But the real interesting thing about RGTI is it has a 22% short float, which means a high amount of traders are shorting it.

 

This could create a "short squeeze" scenario where we see an even bigger move.

As you'll see in the chart below, RGTI has a squeeze with a consistent trend line leading up to earnings.

If RGTI breaks through that trend line, this stock could see a big run heading into earnings.

 

Tesla's About to Prove Everyone Wrong... Again

Back in 2018, when Jeff Brown told everyone to buy Tesla…

The "experts" said Elon was finished and Tesla was headed for bankruptcy.

Now they're saying the same thing, but Jeff has uncovered Tesla's next breakthrough.

Click here to see why Tesla's about to prove everyone wrong... again.

Action Plan: RGTI has 3 variables (a squeeze, short float, and a clear trend), which is why I love its weekly chart for a potential trade right now.

To see exactly how I'm trading RGTI, I recommend checking out "Profit Surge Trader." So far this month, I have an 83% win rate on all my post-earnings trades, including a recent 110% winner on SOUN in 1 trading day.

I also have two more high short float Ideas that I want to share - because the SPY has been going NOWHERE for two weeks - we know when that happens, we get more juicy SQUEEZES.

Click here see how Aftershocks targets gains as high as 300%.

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