FUTU a top gainer, rising +185.5%. Expect Uptrend continuation
Futu Holdings Ltd - ADR (FUTU, $28.95) was one of top quarterly gainers, jumping +185.5% to $28.95 per share. Tickeron A.I.dvisor analyzed 107 stocks in the Internet Software/Services Industry over the last three months, and discovered that 94 of them (87.5%) charted an Uptrend while 13 of them (12.5%) trended down. Tickeron A.I.dvisor found 15 similar cases when FUTU's price jumped over 15% within three months. In 12 out of those 15 cases, FUTU's price went up during the following month. Based on these historical data, Tickeron A.I. thinks the odds of an Uptrend continuation for FUTU are 80%.
FUTU's Aroon indicator reaches into Uptrend on July 17, 2020
For traders, this could mean going long on the ticker or exploring call options in the next month. In 40 of 40 cases where FUTU Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 90%.
FUTU's Aroon indicator reaches into Uptrend on July 17, 2020
For traders, this could mean going long on the ticker or exploring call options in the next month. In 40 of 40 cases where FUTU Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 90%.