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Retired from US Airways, Day Trading is a great, but with these markets Swing Trading is more to the norm and quite profitable. Advocate for the Horizon House in Indianapolis. The Horizon House is the only Day Shelter for the homeless in the city and does wonderful work assisting people in need.... More
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  • NURO Forms Bullish "Head And Shoulders Bottom" Chart Pattern! 0 comments
    Apr 7, 2012 6:33 PM | about stocks: NURO

    Neurometrix (NASDAQ:NURO) Inc forms bullish "Head and Shoulders Bottom" chart pattern


    Recognia has detected a "Head and Shoulders Bottom" chart pattern formed on Neurometrix Inc (NURO on NASDAQ). This bullish signal indicates that the price may rise from the close of 0.79 to the range of 0.96 - 1.00. The pattern formed over 38 days which is roughly the period of time in which the target price range may be achieved.

    Neurometrix Inc has a current support price of 0.78 and a resistance level of 0.80.

    A Head and Shoulders Bottom is considered a bullish signal. It indicates a possible reversal of the current downtrend into a new uptrend. A perfect example of the Head and Shoulders Bottom has three sharp low points, the middle one being lowest, created by three successive reactions in the price of the financial instrument. The technical event occurs when the resistance marked by the "neckline" is broken, thereby confirming the pattern.

    Stocks: NURO
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