Credo Shares Rise 2.8% To Intraday High After Power Inflow Signal

Core Insights - Credo Technology Group Holding (NASDAQ:CRDO) triggered a significant Power Inflow alert, indicating bullish interest from both institutional and retail traders [3][4] - The Power Inflow signal was issued at a price of $137.46, following a steep price decrease, and led to a price increase to a high of $141.35 shortly after [4][7] Power Inflow Signal - The Power Inflow alert is a proprietary signal from TradePulse, highlighting significant shifts in order flow towards buying activity, suggesting a high probability of bullish price movement for the day [5][6] - This alert is particularly valuable for active traders as it indicates potential strategic entry points [5] Order Flow Analytics - Order flow analytics provide insights into real-time buying and selling trends by examining volume, timing, and order size, enhancing understanding of price behavior and market sentiment [6] - The analysis of order flow data can help traders make informed decisions, especially during periods of price weakness [6][7] Intraday Performance - Following the Power Inflow signal, CRDO's price increased by 2.8% to reach an intraday high of $141.35, despite being down over 6% earlier in the day [7] - The effectiveness of the Power Inflow signal is demonstrated by the strong short-term gains, showcasing the potential for identifying bullish intraday activity and stock price reversals [7]