NRC trade ideas
NRC Aroon Indicator entered an Uptrend on June 18, 2020Over the last three days, I noticed that NRC'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 to find 103 similar cases, 89 of which were successful. Based on this data, the odds of success are 86%.
