IONQ jumped 6.5% on Monday after the company announced its support for building a quantum tech ecosystem in Texas. This followed the passage of the Texas Quantum Initiative (HB 4751). The legislation sets the stage for Texas to become a major player in quantum innovation.
Technically, Monday’s surge pushed IONQ back above its top Bollinger Band, the first breakout of that kind since early May.
That previous volatility rally, triggered by an earnings beat ($0.12 above estimates), delivered a 50% gain over the following 13 trading days.
The bullish setup here is strong: IONQ is riding a bullish trend in both the 50-day and 200-day moving averages. The stock’s current momentum is building toward a breakout to the $50 target.
Over the last two weeks, we've seen clear support develop around $40. That level now serves as a logical stop for swing traders, with a breakdown targeting $35.
Bottom line: Monday’s breakout is a classic volatility rally signal, and if history rhymes, traders should be positioning for a 15–20% upside move toward that $50 target in the near term.
