Darvas Likes Altria for a Pop

Darvas Loves Altria

The Darvas Box Strategy Suite likes what it sees on Altria. It has fallen to test support just below the 50 SMA. It has also become very oversold, ranking in below 30 on the RSI. Volume is also on the rise, which could be signalling the beginning of a new buying cycle.

MO Buy Signal

The Darvas Box Suite likes what it sees on MO.

Darvas Classic

This signal is brought to you by the Darvas Classic Strategy which is part of our ever-popular Darvas Box Suite. These strategies are riffed off of Nicolas Darvas’ work, the Darvas Box Theory, which has been used by oodles of traders for years to produce large and consistent profits. What the Darvas Box is looking for is essentially increases and decreases in momentum. The Darvas strategies use market momentum to enter and exit trades. If a stock’s price breaks out of a Darvas Box or reverses off of a Darvas support level it is a considered a nice buy signal candidate. You can find the Darvas Box Suite here.

The products and demonstrations listed on this website are not recommendations to buy or sell, but rather guidelines to interpreting their respective analysis methods. This information should only be used by investors who are aware of the risks inherent in trading. Nirvana Systems shall have no liability for any investment decisions based on the use of their software, any trading strategies or any information provided through other services such as seminars, webinars, or content included in the SignalWatch website.

 

About the Author

Ryan has been with Nirvana since 2012 and has been manning the trading desk since Day 1. He was one of the founding members of Nirvana's Trading Lab and also TraderSource.com along with Ryan Olson and Russell Casperson. Ryan logged more than 3,500 hours trading and educating live in the Lab. He is also the lead author of SignalWatch.com. Ryan is a seasoned educator and has conducted numerous educational webinars and is an OmniTrader University instructor. Ryan prefers swing trading and position trading. Outside of the market, Ryan has passions for the outdoors, baseball, exercise, coffee, pop-culture and spending time with his family.

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