Share Activity Lifted for Canadian Imperial Bank of Commerce (CM.TO) and Frontier Commun Cp (FTR) in Session

Needle moving action has been spotted in Canadian Imperial Bank of Commerce (CM.TO) as shares are moving today on volatility 2.09% or 2.47 from the open. The TSX listed company saw a recent bid of 120.61 and 1712790 shares have traded hands in the session.

It is no secret that most investors have the best of intentions when diving into the equity markets. Making sound, informed decisions can help the investor make the most progress when dealing with the markets. Often times, investors may think they have everything in order, but they still come out on the losing end. Investors may need to figure out ways to keep emotion out of stock picking. Sometimes trading on emotions can lead to poor results. Making hasty decisions and not paying attention to the correct data can lead to poor performing portfolios in the long-term.

Currently, the 14-day ADX for Canadian Natural Resources (CNQ) is sitting at 23.94. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A value of 25-50 would support a strong trend. A value of 50-75 would identify a very strong trend, and a value of 75-100 would lead to an extremely strong trend. 

Canadian Natural Resources (CNQ) currently has a 14-day Commodity Channel Index (CCI) of 73.99. Active investors may choose to use this technical indicator as a stock evaluation tool. Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend. 

After a recent check, Canadian Natural Resources’s  14-day RSI is currently at 57.69, the 7-day stands at 64.10, and the 3-day is sitting at 84.12.

Taking a deeper look into the technical levels of Canadian Natural Resources (CNQ), we can see that the Williams Percent Range or 14 day Williams %R currently sits at -30.68. The Williams %R oscillates in a range from 0 to -100. A reading between 0 and -20 would point to an overbought situation. A reading from -80 to -100 would signal an oversold situation. The Williams %R was developed by Larry Williams. This is a momentum indicator that is the inverse of the Fast Stochastic Oscillator.

Shares of Frontier Commun Cp (FTR) are moving on volatility today -1.06% or $-0.09 from the open. The NASDAQ listed company saw a recent bid of $8.41 and 1710000 shares have traded hands in the session.

Investors looking to chalk up healthy returns in the stock market may need to pay attention to avoid common pitfalls. When the good times are rolling, investors may be highly tempted to move a lot of money into certain stocks that have been churning out returns. One problem with this approach is that a stock that has been hot for a few months might not be hot over the next three months. It is always important to remember that past performance does not guarantee future results. Getting into a stock too late may leave the average investor pounding the table as a former winner turns into a current loser. 

Deep diving into the technical levels for Canadian Imperial Bank of Commerce (CM.TO), we note that the equity currently has a 14-day Commodity Channel Index (CCI) of 296.38. Active investors may choose to use this technical indicator as a stock evaluation tool. Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend. On the flip side, a reading below -100 may signal a downtrend reflecting weak price action. Using the CCI as a leading indicator, technical analysts may use a +100 reading as an overbought signal and a -100 reading as an oversold indicator, suggesting a trend reversal.

The RSI, or Relative Strength Index, is a widely used technical momentum indicator that compares price movement over time. The RSI was created by J. Welles Wilder who was striving to measure whether or not a stock was overbought or oversold. The RSI may be useful for spotting abnormal price activity and volatility. The RSI oscillates on a scale from 0 to 100. The normal reading of a stock will fall in the range of 30 to 70. A reading over 70 would indicate that the stock is overbought, and possibly overvalued. A reading under 30 may indicate that the stock is oversold, and possibly undervalued. After a recent check, the 14-day RSIfor Canadian Imperial Bank of Commerce (CM.TO) is currently at 83.65, the 7-day stands at 90.48, and the 3-day is sitting at 96.59.

Canadian Imperial Bank of Commerce’s Williams Percent Range or 14 day Williams %R currently sits at -1.95. The Williams %R oscillates in a range from 0 to -100. A reading between 0 and -20 would point to an overbought situation. A reading from -80 to -100 would signal an oversold situation. The Williams %R was developed by Larry Williams. This is a momentum indicator that is the inverse of the Fast Stochastic Oscillator.

Currently, the 14-day ADX for Canadian Imperial Bank of Commerce (CM.TO) is sitting at 40.18. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A value of 25-50 would support a strong trend. A value of 50-75 would identify a very strong trend, and a value of 75-100 would lead to an extremely strong trend. ADX is used to gauge trend strength but not trend direction. Traders often add the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to identify the direction of a trend.

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