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Stochastic Momentum Index in Review for Smith [A.O.] Corp (AOS)

Smith [A.O.] Corp (AOS)’s Stochastic Momentum Index is diving lower and has passed the key level of -40, indicating possible oversold territory.  The SMI indicator was developed by William Blau ad presented in Technical Analysis of Stocks & Commodities magazine in 1993, ten years after the original stochastic was invented.  The oscillator fluctuates between -100 and 100, and as such the indicator […]

SMI Gauge Hits Key Pivot Point for G-III Apparel Gp I (GIII)

The Stochastic Momentum Index (SMI) for G-III Apparel Gp I (GIII) has dipped below -40, reaching key levels.  The most common method of using SMI is to look for buy trades when the SMI falls under -40 and then rises back above through -40.  Sell trades are looked for when the SMI rises above +40 and then falls back below +40.  The SMI […]

Volatile Stock in Focus: MSC Industrial Direct Co., Inc. (NYSE:MSM)

MSC Industrial Direct Co., Inc. (NYSE:MSM) shares are on our radar today. We have noted that the latest ATR reading is 2.66. The ATR may be used by investors and traders to gauge when markets are likely to range, when extreme stock price levels are being approached, or if there is significant interest in a trend. ATR may be used […]

Chartists Hone In On Global Eagle Entrtn (ENT)’s Rank Correlation Indicator

Company shares of Global Eagle Entrtn (ENT) have seen the Rank Correlation Indicator climb higher over the past 3 trading days, suggesting that it could be nearing a turning point if the reading crosses the 80 mark.   The Rank Correlation Indicator, or RCI will find the highest high and the lowest low with a given range and will find out if the […]

Graphite One Resources Inc (GPH.V) Pounding Lower into Potential Oversold Territory

The Stochastic Momentum Index (SMI) for Graphite One Resources Inc (GPH.V) has dipped below -40, reaching key levels.  The most common method of using SMI is to look for buy trades when the SMI falls under -40 and then rises back above through -40.  Sell trades are looked for when the SMI rises above +40 and then falls back below +40.  The SMI […]

Enteq Upstream Plc (NTQ.L) Shares RCI Trending Higher

Shares of Enteq Upstream Plc (NTQ.L) are nearing some key technical levels as the Rank Correlation indicator has trending higher over the past few sessions, nearing potential overbought territory.  Crossing the 80 mark would suggest that a chance of a reversal is increasing.  The Rank Correlation Index (RCI) is based on an analysis algorithm by Charles Spearman. It uses a combination […]