Investors who have stayed on the sidelines may be considering if the markets will continue to rally higher. Staying vigilant and watching for signs of the next bear may prove to be a crucial element for helping to guide certain portfolio moves. Keeping an eye on historical corrections as well as sentiment and technicals, may help provide the proper insight needed. Investors may be mindful of any meaningful pullback or correction, and they may have a certain percentage in mind for when things seem to be getting out of hand. Cautious optimism may prove to be a profit saver when the bearish winds start to blow. Investors may need to figure out a plan for when to take some profit off the table. Conducting thorough fundamental research on stocks even after they have broken out may help the investor understand the reason behind the move, and whether it is likely to continue or if it is just a temporary spike.
First Trust Technology AlphaDEX ETF (ASX:FXL) has drawn the attention of traders as the price has moved -0.12749004% since the open. The prior session close was noted at 62.67. Looking back over the last month, we note that the stock’s high point was seen at 64.85.
Dedicated traders will often pay close attention to Exponential Moving Average levels. EMA study can help guide traders when gauging market strength. We can see the following EMA levels on the stock:
30 day Exponential Moving Average: 62.79203
50 day Exponential Moving Average: 61.7111
100 day Exponential Moving Average: 59.686134
10 day Exponential Moving Average: 63.180847
20 day Exponential Moving Average: 63.173523
200 day Exponential Moving Average: 58.383602
The HMA or Hull Moving Average for the stock is presently 62.46363. The HMA may help with technical analysis by reducing lag and heightening responsiveness. Traders often find that following this indicator helps with reduction of noise.
As traders scan the equity market, they may be using Simple Moving Averages to help figure out where a stock is headed. Following some SMA levels, we can see that the 10 day is 63.362, the 20 day is 63.521, and the 30 day is 63.31167. Tracking some other time periods, we note that the 50 day SMA is 61.9862 , the 100 day is 57.8471 , and the 200 day SMA is currently 56.697174.
Scanning through some ratings, we note that the current Oscillator Rating on the stock is a “Buy”. The Moving Average Rating is sitting at a “Neutral”. Traders may use these signals in conjunction with other indicators in order to set up the chart for future trading success.
Investors following First Trust Technology AlphaDEX ETF (ASX:FXL) can see that the stock most recently closed at 62.67
Past 3 months: 11.427554
One year change: 10.698497
Past week: -2.141629
Past month: 4.5249624
Traders following Donchian Channels can see that the 20 day upper band is 64.8 and the 20 day lower band is 62.04. These channels are used by technicians to help spot possible breakouts, and they may also be used to confirm a defined trend.
Traders checking the pulse on shares of First Trust Technology AlphaDEX ETF (ASX:FXL) will note that since the opening price of 62.71, the stock has moved -0.04. During the session, the stock has hit a low of 62.61 and reached a high of 62.75. Volume on the day is around 2900.
Investors may be searching for stocks that are undervalued. Scanning the markets during obvious pullbacks may be one strategy, but it may take a more concerted effort to identify these names if the market decides to climb further. Getting caught up in the details from news and various economic reports may leave the average investor dizzy and confused. Focusing on the most important data sets may be helpful when trying to muffle all the noise. Heading into the next quarter, investors will be watching which companies are experiencing positive earnings momentum. Often times, earnings that vastly beat expectations may cause the stock to skyrocket. Filling the portfolio with stocks experiencing positive earnings momentum may be a popular choice. Investors may want to look a little bit deeper into the situation to make sure that the momentum is justified. Some investors may already be adept at figuring this out while others may need to put in a bit more work.
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