Economy

Technical Trading: Focusing on Shares of iShares MSCI Emerging Markets ETF (EEM)

Traders may use these levels to help identify stock price reversals. The simple moving average is a mathematical calculation that takes the average price (mean) for a given amount of time. The Stochastics oscillator is used to add confirmation to the trade entry. Readings below 20 are considered oversold while readings above 80 are considered overbought. As a general rule, an RSI reading over 70 would signal overbought conditions. Vanguard MSCI Emerging Markets Fund ETF (VGE.AX) now has a 14-day Commodity Channel Index (CCI) of 100.23. The CCI was created to typically stay within the reading of -100 to +100. The ADX is often used along with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to identify the direction of the trend. A CCI reading above the +100 level would suggest that the stock is overbought and possibly primed for a correction.

Investors may be trying to find stocks that are building momentum. Burney Co. now owns 22,325 shares of the exchange traded fund's stock valued at $920,000 after buying an additional 75 shares in the last quarter. It is highly important to make sure all the research is done on a stock, especially if the investor is heavily weighted on the name. A certain stock may be considered to be on an uptrend if trading above a moving average and the average is sloping upward. They may also be used to help the trader figure out proper support and resistance levels for the stock. Currently, SPDR MSCI Emerging Markets Small Cap ETF (EMSM.L) has a 200-day MA of 58.43, and a 50-day of 61.06. Presently, the stock has a 14-day RSI of 63.12, the 7-day is sitting at 64.13, and the 3-day is resting at 66.71. The RSI, or Relative Strength Index is a popular oscillating indicator among traders and investors. The RSI is computed base on the speed and direction of a stock's price movement. The Williams %R oscillates in a range from 0 to -100.

More notable recent ProShares Short MSCI Emerging Mark (ETF) (NYSEARCA:EUM) news were published by: Barrons.com which released: "Emerging Market Roundup: Stocks Tumble On Terrorism, Trump, Or?" on August 17, 2017, also Barrons.com with their article: "2 Goldman Strategies For An Emerging Markets Pause" published on July 17, 2017, Barrons.com published: "Emerging Markets: A Sea Of Fed Red, Yields Spike" on December 14, 2016. Developed by Larry Williams, this indicator helps spot overbought and oversold market conditions. If the RSI is closer to 100, this may indicate a period of stronger momentum.

Some investors may find the Williams Percent Range or Williams %R as a helpful technical indicator. The CCI technical indicator can be used to help determine if a stock is overbought or oversold.

For further review, we can take a look at another popular technical indicator. For traders looking to capitalize on trends, the ADX may be an essential technical tool. Some analysts believe that the ADX is one of the best trend strength indicators available. Moving averages are considered to be lagging indicators meaning that they confirm trends. The RSI operates in a range-bound area with values between 0 and 100. The 14-day ADX is 10.22. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A level under 20 would indicate no trend, and a reading from 20-25 would suggest that there is no clear trend signal. A value of 50-75 would indicate a very strong trend, and a value of 75-100 would signify an extremely strong trend.



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