Altera (ALTR) just flashed a death cross.
In early March ALTR flashed a golden cross signal but today it has failed.
It is now trading below the key March swing lows. Will this turn into a major resistance area?
ALTR is also possibly setting up a bear flag pattern.
If the bears trade this pattern the October lows will be their first target area.
The death cross (technical formation when the 50-day moving average drops below the 200-day) can be used as a filter to help narrow down the field. Next, use the Seven Steps to Better Stock Trading to evaluate the sentiment and price action. Better yet, sign up for The Select 20 Stock Picks or use my free Total Indicator for eSignal.