Our system’s recommendation today is to BUY. The BULLISH STOP LOSS pattern finally received a confirmation because the prices crossed the Stop Loss level which was at 33.4600, and our valid average buying price stands now at 33.9000. The previous SELL recommendation was issued on 5/13/2013, 7 days ago, when the stock price was 32.8200. Since then ALTR has risen by +3.29%.
A rally after a bear setup can occasionally turn into an explosive long trade. We may be on the verge of catching one of them. There is now a strong positive sentiment in the market despite the absence of a bullish pattern. The bullish stop loss is finally confirmed and a BUY signal is generated. Market wants to reward the bulls. It may be now the right time to be part of this boost and bullish market sentiment by joining the growing bullish crowd.