From The Right Edge, Stalk Candidates, TrInvesting™

Simple Trading Stalk Candidate VRTU As of 29 May 2015 Close

VRTU W As of 29 May 2015 Close

Current Trend (W): Up

Abv/Below Value Zone: Above

Next Scheduled Report Date: 3 August 2015

52 Week High: $46.30

52 Week Low: $31.09

Current Relevant Resistance: $46.30

Current Relevant Support: $42.50

Recent Close: $45.50

Comment: Price sprang out of the congestion that held VRTU captive for weeks during the week ended 15 May 2015 making it a great Stalk Candidate.  Any return to support in the $42.50 area should be taken using buy triggers on a lower timeframe.  If price breaks down through that support at $42.50 and the rising trendline head to the sidelines in VRTU unless and until a new uptrend asserts.

Hope it helps.

The Trader

 

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