ibusinesslines.com
ibusinesslines.com October 22, 2017


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.



Other News

Trending Now

Lockheed in pact with Tata to build F-16s in India
This offers defense investors enough reason to root for more such cross-country defense partnerships in the coming days. TASL and Lockheed Martin are now trying to persuade the Indian government by offering a lucrative proposal.

China invites Ivanka Trump, Jared Kushner to visit
In 2015, hackers exposed the personal information of 22 million people from USA government databases. The council also wanted to boost the security of the government's IT systems.

Uber Adds Option to Tip Drivers
The company said it was adding only those three cities to "create the best tipping experience" for passengers and riders. The first set of changes had to do with driver earnings, and at the top of that list was the option for tipping.

Keryx Biopharmaceuticals (KERX) Getting Positive News Coverage, Analysis Finds
The biopharmaceutical company reported ($0.21) EPS for the quarter, missing analysts' consensus estimates of ($0.18) by $0.03. The Company is engaged in the manufacture, development and commercialization of products for use in treating human diseases.

'Stay strong' urges council leader in wake of mosque attack
Flowers have been laid near the scene, with one card reading: "This is an attack on all Londoners and on my community". He told reporters: "It wasn't me alone, there were a group of brothers".

Timberwolves sign 3-year deal with Fitbit for jersey patch
As part of the deal , Fitbit will also get branding opportunities inside Target Center, on the Timberwolves app and in the team store.

Ronaldo summoned to court, Mourinho accused of tax fraud
The question of Ronaldo using tactics to get the club to pay for a possible fine makes no sense because he is not like that. We have not had an offer from Cristiano. the Sheikh at PSG is a friend of mine and he hasn't called me nor have we talked.