Connors RSI for the Win!

Hello all! This afternoon we are taking a look at another reversion signal from the Connors RSI Strategy Suite, and this one on ALGN. Let’s get to it!

ALGN is starting to become oversold and form a solid reversion opportunity.

CRT-3

As we can see, ALGN has been in a beautiful bullish trend for months but is now offering a new higher low opportunity in the form of a large, short-term pullback. It has pulled back close to support at $165.80 and is becoming oversold quickly. When we see dips like this, it is not uncommon to see a quick snap back move to the upside shortly after. That is precisely what CRT-3 is looking for.

CRT-3 is part of the Connors RSI Strategy Suite that was released last year along with OmniTrader 2017. The strategies are based on the work of Larry

Connors and his creation of a “super-indicator ” if you will, the composite RSI. The indicator combines the classic RSI, the Streak and the Percentage Rank indicators to bring us the very best reversion opportunities. We also threw in Stochastics and the Will R % indicators as well, just to make things even better.

CRT-3 was created to allow us to find pullbacks like the one we see here in trending markets. Reversion moves can be hard to find in trending markets, and this strategy specializes in bringing stocks and ETFs that have become oversold quickly right to the forefront.

If we see this move on ALGN come to fruition, we may see it pop back into the mid $170’s before long.

The products and demonstrations listed on this website are not recommendations to buy or sell, but rather guidelines to interpreting their respective analysis methods. This information should only be used by investors who are aware of the risks inherent in trading. Nirvana Systems shall have no liability for any investment decisions based on the use of their software, any trading strategies or any information provided through other services such as seminars, webinars, or content included in the SignalWatch website.