Will.I.am % R for a Buy signal starring General Motors

 

Scream & Shout

Now on to some boring TA work on $GM (lol). I have been doing some scanning today and thought I would break out the Williams % R scans that I have configured:

Show stocks where Williams %R (14) crossed below -90.00 within the last 1 day
and Average Volume(90) is above 500000
and close is between 10 and 250

One that jumped out at me was $GM. Here is a Daily chart showing 4 Buy signals:

GM_williamsR

Just a Simple Approach here. Any dip under -75 and you enter a new Long. Use your normal Stop process (or protect with Options if you have that as part of your arsenal).

Leave a Reply

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>