The Elder Impulse System was designed by Alexander Elder and is a system that identifies inflection points where a trend speeds up or slows down. Stocks with an Elder Bar Turned Green are expected to go higher. Elder Bar Turned Green that occurs on a small range day make excellent day trades and swing trades the next day.
CLDX on 4/1/16 met the above criteria for an Elder Bar Turned Green Setup. The daily chart below shows the subsequent trade over the 4/1/16 high at $3.97, the trigger entry price. CLDX traded up to a high of $4.89 two days later.
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 Elder Bar Turned Green stocks on 10-24-2016 for trading on 10-25-2016
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