Today's low of $17.56 is at a support level set on April 27, so days lost figureis only five, quite low. And the price did a 2% bounce off of that support level, a sign that the support really means something.
| trend | adx | psar | pps | macd | macd trend | sto | sto trend | |
|---|---|---|---|---|---|---|---|---|
| CIEN $17.91 |
The 20-day moving average continues to point up, and even the 5-day moving average is neutral.
True, Person's Proprietary Signal has moved into bear phase today, but the parabolic sar remains in bull phase.
I have a May options bull position on this stock, and I'm continuing to hold for now. It doesn't feel like a trend reversal to me.
Martin Pring's detailed deconstruction of the economic cycle: What sorts stocks to look for at each stage of the recovery. A masterful analysis.
Today on Private Trader
- Almanac
- Morningline: Stocks and Bonds
- Morningline: Other Indicators
- Morningline: Holdings
- Forex: EUR/CAD & NZD/USD
- Today's Scan
- Stock Picking: An Essay
- Stocks Watchlist
- Forex Watchlist
Abbreviations:
psar - Parabolic Stop and Reverse
adx - Average Directional Index
pps - Person's Proprietary Signal
ma20 - 20-day moving average
macd - Moving Average Convergence-Divergence
mfi - Money Flow Index
sto - Fast Stochastic
About the glance: The colors indicate the state of each signal.
- trend: Determined by the 5-day moving average, green for up, red for down, yellow for sideways
- adx: orange for above 30-up, blue for 20-down, purple for in the middle. Red is most prone to whipsaws
- psar, pps, macd: green for bull mode, red for bear
- sto: green for overbought, red for oversold, yellow for the neutral zone.
New to private trading? Here's a look at How to Become a Private Trader.
No comments:
Post a Comment