Ryder Systems Trading Journal with VantagePoint $R
Ryder Systems has been in a persistent downtrend since the beginning of March 2017. However, there was a major reversal signal from VantagePoint’s predicted moving average on May 24th. This is a signal for a potential new opportunity to get long the market.
$R came up through the evening scan of VantagePoint’s predicted crossovers on May 24th. Since the market had already made such a large run up on the 24th, we looked to enter the market at the May 25th predicted low value of $65.76 for a lower entry price for the initial position.
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