With price above a rising short and long term moving average, money flow positive and relative strength vs. SPY in the green, we took ADM as a trend trade today. Our initial stop is 2% below the long term Chaikin Trend line. The entry was risk optimized though the OB/OS oscillator at a low point and a Money Flow Buy signal. The industry and sector are also outperforming based on Power Gauge's of underlying stocks.
RSS Feed