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LendingTree Inc. (TREE) was a notable winner Monday, jumped 3.05% on strong volume to 226.35. This is bullish from a technical perspective. In fact, a closer look at the daily chart of TREE suggests that an important near-term low has been established and the stock has now embarked on a rally that should test 265 at minimum. Just so that you know, initially profiled in our July 6, 2017 “Swing Trader BulletinTREE had gained about 30% and remained well position. Below is an update look at a trade in TREE.

The graphics below are from our “U.S. Market Trading Map”, show the near-term technical bias and trading ranges. As shown, the underlying is in a short-term bullish trend when the price bars are painted in green. The underlying is in a short-term bearish trend when the price bars are painted in red. The yellow bars identify period of neutral or sideways trading pattern. Additionally, the light-blue shading represents the short-term trading range. A move above or below that range is considered overbought (as represents by the red shading) or oversold (as represents by the dark-green shading). Readings above or below the red and green shaded areas are considered extremely overbought or extremely oversold.

Chart 1.1 – LendingTree Inc. (daily)

Our “U.S. Market Trading Map” rates TREE as a Buy. The overall technical outlook remains Bullish. Last changed April 17, 2017 from neutral. Over the past few days, TREE has been trending lower in a short-term corrective mode after the July massive rally ran out of steam near 235. Last week’s correction tested and respected support at the 127.2% Fibonacci extension of the 2016-2017 upswing. Money Flow measure held mostly above the zero line since the stock reached an interim low in late 2016, indicating there was little selling pressure. This is a positive development, supporting…Click here to read more.

You see, our trend-following system is very unique as it attempts to pick turns before others see them. Timing is everything and if you’ve applied our system correctly, you should have made a killing in any markets.

 

This is just an example of many successful trades that our member had enjoyed recently. After all, aren’t you glad you subscribed?

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