Chartists looking for stocks on the move can turn to our pre-defined scans page and the Elder bar scans. Stocks with an
Elder bar turning green are turning up. Those with an
Elder bar turning red are turning down. The chart below shows Ariad Pharma with a big green Elder bar as the stock breaks flag resistance.
Click this image for a live chart
Click this image for a live chart
About the author:
Arthur Hill, CMT, is the Chief Technical Strategist at TrendInvestorPro.com. Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London.
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