Don't Ignore This Chart!

Elder Impulse breakout for Frontier Comm

Frontier Communications (FTR) broke consolidation resistance with a surge above 7.6 in early April. Notice that this surge occurred with a green price bar, which indicates an upturn in the Elder Impulse System. The bars are currently blue as the stock consolidates. Look for another green bar to signal a continuation higher.

100427ftr Click this image for details
Arthur Hill
About the author: , CMT, is the Chief Technical Strategist at 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. Learn More
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