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The Energy Select Sector SPDR (XLE) Short Interest Update
20 June 2017, 10:15 | Kelvin Horton
The CCI was created to typically stay within the reading of -100 to +100. The Williams %R oscillates in a range from 0 to -100. A reading between 0 and -20 would indicate an overbought situation. Although the CCI indicator was developed for commodities, it has become a popular tool for equity evaluation as well. Presently, the 14-day ADX for ADFITECH Inc (ADFT) is 32.54. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. Using the CCI as a leading indicator, technical analysts may use a +100 reading as an overbought signal and a -100 reading as an oversold indicator, suggesting a trend reversal. As a momentum indicator, the Williams R% may be used with other technicals to help define a specific trend. Some analysts believe that the ADX is one of the best trend strength indicators available.
Many investors will choose to look at all the technical indicators while some will zoom in on a few hand-picked ones. Investors acquired 21,782 call options on the company.
The 14-day ADX for Investors Bancorp Inc (ISBC) is now sitting at 16.77. On the other hand, a reading of -100 would imply that the stock is oversold and possibly set for a rally. After a recent check, the 14-day RSI is now at 59.09, the 7-day stands at 53.51, and the 3-day is sitting at 31.13. It is a visual technical analysis system and the charts are created to be considered in their entirety to gain a perspective on the overall direction of the share or index and distinguish higher probability opportunities from lower probability ones. When charted, the RSI can serve as a visual means to monitor historical and current strength or weakness in a certain market. Lastly, when the price is above the cloud, then the top of the cloud will act as a general support level, and when price is below, the cloud base will act as resistance. This is a momentum indicator that is the inverse of the Fast Stochastic Oscillator. Values can range from 0 to -100. If the RSI is closer to 100, this may indicate a period of stronger momentum. The RSI was originally created by J. Welles Wilder which was introduced in his 1978 book "New Concepts in Technical Trading Systems".
For further review, we can take a look at another popular technical indicator. The firm has a 50 day moving average of $55.91 and a 200-day moving average of $54.11. Moving averages are a popular trading tool among investors. Many traders will use the ADX in combination with other indicators in order to help formulate trading strategies. MA's may be used to identify uptrends or downtrends, and they can be a prominent indicator for detecting a shift in momentum for a particular stock.
COPYRIGHT VIOLATION WARNING: "Stock Traders Buy Large Volume of Put Options on Energy Select Sector SPDR (XLE)" was first published by Stock Observer and is the sole property of of Stock Observer. It can be extremely hard to decide when to sell, especially when data seems positive and most signs are pointing higher.
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