Health Care SPDR Target of Unusually Large Options Trading (XLV)

Xavier Trudeau
Juin 20, 2017

The RSI was originally created by J. Welles Wilder which was introduced in his 1978 book "New Concepts in Technical Trading Systems". Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. The opposite would be the case for a falling ADX line. At the time of writing, Genesis Land Development Corp (GDC.TO) has a 14-day Commodity Channel Index (CCI) of 72.93. A value of 25-50 would indicate a strong trend.

Currently, the 14-day ADX for New Gold Inc (NGD.TO) is sitting at 14.23. In general, if the reading goes above -20, the stock may be considered to be overbought. Many investors look to the Relative Strength Index (RSI) reading of a particular stock to help identify overbought/oversold conditions. Williams %R is a popular technical indicator created by Larry Williams to help identify overbought and oversold situations. RSI measures the magnitude and velocity of directional price movements. The Williams %R oscillates in a range from 0 to -100. A CCI reading above +100 would imply that the stock is overbought and possibly ready for a correction. Investors will commonly use Williams %R in conjunction with other trend indicators to help spot possible stock turning points. Dedicated investors may choose to use this technical indicator as a stock evaluation tool. After a recent check, the 14-day RSI is now at 56.42, the 7-day stands at 52.08, and the 3-day is sitting at 55.21.

First Trust Value Line Dividend Index Fund (FVD) now has a 14-day Commodity Channel Index (CCI) of 131.55. The CCI was developed to typically stay within the -100 to +100 levels. Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend. The 14-day RSI is still a widely popular choice among technical stock analysts. Stock investors purchased 2,939 call options on the stock. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a certain period of time. Investors may use the 200-day MA to help smooth out the data a get a clearer long-term picture. Sometimes stocks that look too good to be true actually are, and those that are actually very good may not look that enticing.

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