| ERX latest price $384.7000 (1.02%) ($355.6000 - $385.5000) on Wed. May. 23, 2012. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.09% (three month average) |
RSI | 23 |
Latest Price | $384.7000(1.02%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 0.5% a day on average for past five trading days. |
Weekly Trend | ERX declines -7.2% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support ERX advance at 0% a week (0% probability) OIH(89%) XOP(87%) IWM(66%) SPY(66%) USO(62%) |
Factors Impacting ERX price | ERX will decline at least -1.545% in a week (0% probabilities). TLT(-27%) SHY(-5%) IGOV(-3%) TIP(5%) GLD(6%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
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Relative Volatility | (options are extremely cheap) |
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Market Trend Strength | -1.545% (StdDev 3.09%) |
Hourly BBV | 0 () |
Intraday Trend | 3.8% |
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