Low Risk Buy

The symbol is IIVI; the chart is shown below. I found it looking through a scan for Climax Low buy signals. This one is attractive because of how the price pattern has "tightened up", and the price has pulled above the 50-day exponential moving average (shown in blue), and it's now corrected just back down to the average, and today there was a Climax Low buy signal (shown below as a blue candlestick), and the Accumulation / Distribution ratio is a healthy 58%.

IIVI was just one of 99 stocks showing Climax Low signals, across our database of approximately 3000 symbols (roughly corresponding to the Russell-3000 index). It's a significant number, tending to confirm a signal on a given stock, but isn't too overwhelming or obvious.

The total daily number of Climax Low buy signals is shown below in the 2nd indicator window, as a blue line. The number of Climax High sell signals (which are the approximate inverse of the CL buy signals) is shown in the top indicator window, in red. Note how, after some internal correction, the waves of sell signals appear to have subsided and the blue buy signals are starting to kick in again.