Investors might be looking to rebuild the portfolio as we move into the second half of the year. New investors can be tempted to try to maximize returns by owning one specific sector or be exposed to a fairly large single investment. By diversifying the portfolio, investors might be able to protect themselves from a sudden move against the position. Finding the correct portfolio balance is how many investors choose to approach the markets. This may take some time to master, and there may be some bumps along the way. Investors managing their own money may want to make sure that they know exactly what stocks are in the portfolio at all times. Keeping tabs on portfolio performance can also be a good way to make sure that it is weighted properly.
Traders will take note of the 20 day Chaikin Money Flow indicator that is now at 0.38013628 for Templeton Dragon Fund, Inc. (NYSE:TDF). The value of this indicator will fluctuate between 1 and -1. Traders may be watching when the CMF crosses zero. This cross might point to a bullish or bearish price reversal depending on which way it is moving crossing the zero line.
Tracking some stock ratings, we can see that the stock’s Moving Average Rating is currently pointing to a “Strong Buy”. Traders may be monitoring many different indicators in order to get a grasp of where the stock may be moving in the near future. Taking a look at the Oscillators rating, we note that the reading is pointing to a “Neutral”.
Taking a look at the Donchian Channels indicator, we note that the 20 day lower band is 19.39. The 20 day upper band is 20.67. This indicator was created by Richard Donchian, and traders follow these channels to help identify potential trading signals.
Following trading action on shares of Templeton Dragon Fund, Inc. (NYSE:TDF), we see that the stock has moved -0.02 since the opening price of 20.44. So far, the stock has reached a high of 20.44 and dipped to a low of 20.42. The consensus rating on the stock is currently Buy, and today’s volume has been measured around 200.
The Awesome Oscillator reading is currently 0.49135295. Technical traders will watch the AO especially when it crosses above or below the zero line. A move above the line may signal a bullish scenario. A move below the zero line may indicate a bearish selling opportunity. The AO may prove to be a valuable tool for many momentum traders.
There are a number of different pivot points that traders can use when conducting stock analysis. Pivot points can be useful for traders looking to establish trading entry and exit points. Focusing on some popular one month pivots, we see that the Woodie pivot is currently at 20.36. The Woodie support 1 pivot is 20.05, and the Woodie resistance 1 pivot is 20.69. The Camarilla one month pivot is presently 20.443333. The one month Classic pivot is 20.443333 and the Classic resistance 1 is 20.856667 while the Classic support 1 pivot is measured at 20.216667.
Technical traders have many tools at their disposal when conducting stock research. One of those tools is the Exponential Moving Average or EMA. The EMA is similar to the simple moving average, but more weight is put on the newest data. Let’s look at some different EMA levels on shares of Templeton Dragon Fund, Inc. (NYSE:TDF):
10 day Exponential Moving Average: 20.355942
20 day Exponential Moving Average: 20.188414
30 day Exponential Moving Average: 20.055668
50 day Exponential Moving Average: 19.823763
100 day Exponential Moving Average: 19.335838
200 day Exponential Moving Average: 19.046028
With the stock market continuing to move higher, investors may be searching for stocks that are still fairly undervalued. This may involve doing a little bit more homework than usual. Spotting those names that have been cast aside and not garnering much recent attention might be a good place to start. Putting in a few extra hours of stock research may provide some good options for buying on the next big dip. Of course, nobody can say for sure how long the markets will continue to climb. Being ready for a pullback can help if investors already have some names in mind that they are looking to scoop up when they fall to a certain level. Tracking the technicals and staying up on the fundamentals should help investors hone in on the next wave of stocks to add to the portfolio.
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