We notice there is a clear smart money campaign happened from accumulation (stage 1) followed by mark-up (stage 2) based on Arthur J Gallagher & Co Common weekly chart. With the evidence of Sign of Strength as iVSA chart above, smart money took a month and a half, from May 2017 to June 2017, to accumulate. Arthur J Gallagher & Co Common broke through the resistance level in June 2017 with volume. Smart money continues to mark-up the price for more than 8.02% in few weeks after the breakout. The actions by smart money have been spotted by the Green Arrow during the mark-up stage.
Arthur J Gallagher & Co Common reached maximum high and we can see great profit taking have take place with the Red Sell Diamond in Dec 2017. Price continues to go up and the smart money continues to participate on the uptrend.
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