Stocks trading below a lower Keltner Channel in a ranging market are potentially oversold. Go long when prices turn up at or below the lower band. Trade target is the Upper Keltner Channel.
GES on 2/11/16 was trading below a lower Keltner Channel in a ranging market. The $17.39 lower Keltner Channel entry traded up to the $18.66 upper Keltner Channel target two days later. GES also broke out of the trading range and trended nicely for the next three weeks.
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 trading below the lower Keltner Channel on 10-24-2016 for trading on 10-25-2016
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