Yahoo Finance’s Jared Blikre reports details on Yahoo Finance’s Investment idea of the day.

Video Transcript

- Before we let you go, Yahoo Finance Plus Investment Idea of the Day. A bullish technical call on Loral Space and Communications. So keeping it in the space family here.

JARED BLIKRE: Exactly, I did that on purpose. This is a smaller company.

- I knew you did.

JARED BLIKRE: Let's go to the YFi Interactive. Usually I focus on the fundamental case here, but this is a technical call. Yahoo Finance Plus does both of those, and this comes from Trading Central. So if we were to log into your Yahoo Finance Plus account, this is what you would see. This is a chart of Loral going back about a year, and this bullish continuation triangle, right here, that it's identified is automatically drawn into our chart system.

Pretty nifty, I would say. They do explain quite a bit as well. The stock's price has broken upward to confirm a classic chart pattern, offering a target price for the intermediate term in the range of $53 to $56. What I really like about this trade right now is we have a very cheap stop, $35. If it closes below, you're out, and if it hits that target of $55, that is an incredible risk reward, Alexis.

- Yeah, that it is. All right, Jared, thanks so much. We'll see you a little later on for the commodities report.