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CNRG Aroon Indicator entered an Uptrend on June 16, 2020

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SPDR S&P Kensho Clean Power ETF (AMEX:CNRG)  
tickeron  
AMEX:CNRG   SPDR S&P Kensho Clean Power ETF
Technical Indicators Energy Commodities Aroon
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indicator energy aroon
A buy signal is generated. I have detected that CNRG's AroonUp green line is above 70, while the AroonDown red line is below 30. When the green line goes above 70 while the red line stays below 30, this is an indicator that the stock could be poised for a strong Uptrend. For traders, this could mean going long the stock or exploring call options in the next month. I backtested this indicator and found 137 similar cases, 117 of which were successful. Based on this data, the odds of success are 85%.
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