MomentumTradingHQ.com Featured Stock for the Week of 7/8/24 - 7/12/24: SoundHound AI (SOUN) Day Trade Return of 19.2%

SoundHound AI (SOUN), a global leader in voice artificial intelligence announced last Wednesday that its SoundHound Chat AI voice assistant with integrated ChatGPT is now live and in production in Peugeot, Opel, and Vauxhall vehicle brands across 11 European markets including Austria, France, Germany, Italy, Spain, and the United Kingdom. By the end of July, the rollout will be extended to 17 markets in 12 different languages.

Our proprietary real time alert services picked up SOUN's unusual stock and option volume early Wednesday morning. Depending on your favorite momentum indicator several opportunities presented themselves to get in to capture a portion of the daily return.

As shown in the chart below, a day trade entered at 9:15 am Wednesday and closed at the end of the day would have gained 19.2%. The chart shows the indicators that were triggered as well as the time.

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