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The Ichimoku Cloud is a versatile indicator that defines support and resistance, identifies trend direction, gauges momentum and provides trading signals. When stocks close below the Ichimoku Cloud a sell short signal is generated. Lets look at the STX 1/6/16 close below the cloud.
The best Ichimoku Cloud sell short signals occur after the stock has consolidated inside the cloud for at least 5 days. STX had a nice 5 day sideways consolidation inside the cloud before closing below it. STX had a nice drop the next 3 days from $34.75 to $30.65, and 15 days later hit a low of $26.25. Each day after the market close, we run multiple custom designed scanning algorithms that provide stocks for the next trading day swing trade list. If you would like to become a member of our swing trade service, the membership options are listed below. Here are the stocks that moved below the Ichimoku Cloud on 10-24-2016 for trading on 10-25-2016 |
ARIA COL AEO TZA CVX CNX ETE SDS FIT EGO |
SYT LQD QSR SPXU HLF HOS SDOW SH RDUS BUD |
BRO LNG AJG BRS CVEO SOHU CSAL KCG TWM WATT |
IRWD DXD SDLP LEE DFT NVGS DOG SRTY CTLT CMRX |
BCR CMP CHL TGTX ENLK BRIZF FLOW RWM ATHX VLP |
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