Economy

Stock Check For S&P 500 Healthcare Sector SPDR (XLV)

S&P 500 SPDR (SPY)'s Williams Percent Range or 14 day Williams %R is sitting at -28.41. As a momentum indicator, the Williams R% has the ability to be used with other technicals to help define a specific trend. The RSI can help display whether the bulls or the bears are now strongest in the market. The RSI may be used to help spot points of reversals more accurately. A move above 70 is widely considered to show the stock as overbought, and a move below 30 would indicate that the stock may be oversold. A reading under 30 would indicate oversold conditions. As always, the values may need to be adjusted based on the specific stock and market. Following moving averages with different time frames may help offer a wide variety of stock information. Investors and traders may use this indicator to help spot price reversals, price extremes, and the strength of a trend. At the time of writing, S&P 500 Healthcare Sector SPDR (XLV) has a 14-day ATR of 0.64.

Taking a peek at some Moving Averages, the 200-day is at 77.92, the 50-day is 82.20, and the 7-day is sitting at 81.38. Raab & Moskowitz Asset Management LLC now owns 7,033 shares of the exchange traded fund's stock valued at $1,714,000 after buying an additional 106 shares during the last quarter. After a recent check, the 14-day RSIfor S&P 500 Utilities Sector SPDR (XLU) is now at 60.30, the 7-day stands at 59.03, and the 3-day is sitting at 45.27.

S&P 500 Utilities Sector SPDR (XLU) has a 14-day ATR of 0.52. Many chart analysts believe that an ADX reading over 25 would suggest a strong trend. A value of 25-50 would indicate a strong trend. The ADX is typically plotted along with two other directional movement indicator lines, the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI). The ADX alone was created to measure trend strength.

Traders may be focusing on other technical indicators for stock assessment. Presently, S&P 500 Materials Sector SPDR (XLB) has a 14-day Commodity Channel Index (CCI) of -193.75. A CCI reading above +100 would imply that the stock is overbought and possibly ready for a correction. Moving averages may also function well as a tool for determining support and resistance levels.

Investors may be watching other technical indicators such as the Williams Percent Range or Williams %R. A Williams %R that lands between -80 to -100 is typically seen as being in strong oversold territory. The assumption behind the indicator is that investment instruments move in cycles with highs and lows coming at certain periodic intervals. A common look back period is 14 days.

EP Wealth Advisors LLC boosted its position in shares of SPDR S&P 500 ETF Trust (NYSE:SPY) by 2.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The RSI operates in a range-bound area with values between 0 and 100. A reading between 0 and -20 would indicate an overbought situation.

Looking closer at shares of S&P 500 SPDR (SPY), we have recently noted that the Ultimate Oscillator reading is now above 60.

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