CDE Aroon Indicator entered an Uptrend on July 28, 2020

29 ביולי 2020

Over the last three days, I have detected that CDE's AroonUp green line is above 70, while the AroonDown red line is below 30. When the green line goes above 70 while the red line stays below 30, this is an indicator that the stock could be poised for a strong Uptrend. For traders, this could mean going long the stock or exploring call options in the next month. I backtested this indicator and found 218 similar cases, 188 of which were successful. Based on this data, the odds of success are 86%.