Shares On The Run: Ultrashort DJ-UBS Crude Oil Proshares (SCO) and S&P US Preferred Stock Ishares (PFF)

Ultrashort DJ-UBS Crude Oil Proshares (SCO) shares are moving today on volatility -3.78% or $-1.03 from the open. The NYSE listed company saw a recent bid of $26.23 and 1509163 shares have traded hands in the session.

Once the individual investor has done all the fundamental homework and found a few stocks that they think are poised to be future winners, they may want to figure out when to best get into the market. Many investors will turn towards technical analysis to accomplish this. Technical analysis can help identify entry and exit points by studying price trends and movements over time. Some technical indicators are very complex and others are very simple. One goal of focusing on technical indicators is to help make confusing price information easier to interpret and understand. Many investors will find signals that they like to follow, but focusing on just one indicator may not provide the full picture of what is really going on. Many investors will combine technical indicators to help round out the spectrum. Although technical analysis can be a very useful tool for the investor, it is important to remember that stock prices are inherently unpredictable. Even the most seasoned investors may have to adjust their charts occasionally if trades are not working out as planned.

Mckesson Corp’s Williams Percent Range or 14 day Williams %R currently sits at -39.06. 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 Mckesson Corp (MCK) is sitting at 16.20. 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.

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 Mckesson Corp (MCK) is currently at 53.60, the 7-day stands at 55.70, and the 3-day is sitting at 38.37.

Needle moving action has been spotted in S&P US Preferred Stock Ishares (PFF) as shares are moving today on volatility -0.54% or -0.21 from the open. The NASDAQ listed company saw a recent bid of 38.35 and 1500533 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 Progressive Corp (PGR) is sitting at 51.33. 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. 

Progressive Corp (PGR) currently has a 14-day Commodity Channel Index (CCI) of 158.63. 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, Progressive Corp’s  14-day RSI is currently at 78.89, the 7-day stands at 82.63, and the 3-day is sitting at 84.42.

Taking a deeper look into the technical levels of Progressive Corp (PGR), we can see that the Williams Percent Range or 14 day Williams %R currently sits at -19.72. 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.

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