Chartists can search pre-defined scans to find out if their favorite stock or ETF triggered any scans. The chart below shows Lam Research (LRCX) triggering three bearish scans today. The Elder bar turned red, the stock moved below the lower Bollinger Band and the Commodity Channel Index (CCI) moved below -100.
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.
Learn More
