Tag: gild

Overbought and Oversold Signals

There are several indicators that can be used to determine if stocks are overbought or oversold. The two I like to use are the Commodity Channel Index (CCI) and the Bollinger Bands (BB), both set to a 20 period. I also like to look at the stock being three standard deviations away on the BB

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You Want Fries With That Chop?

Chop, chop, chop and not much else today as the markets moved up and down and ending flat for the most part. Take a look at the breadth of the NYSE and you can see that there really was no clear direction today. However, the volume did pick up; it just didn’t move anything really.

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