| ERX latest price $399.0000 (8.66%) ($384.6000 - $399.8000) on Fri. Jun. 29, 2012. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.1% (three month average) |
RSI | 61 |
Latest Price | $399.0000(8.66%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 2.7% a day on average for past five trading days. |
Weekly Trend | ERX declines -1.1% 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 -2.05% in a week (0% probabilities). TLT(-26%) SHY(-5%) IGOV(-3%) TIP(6%) GLD(7%) |
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 | -2.05% (StdDev 4.1%) |
Hourly BBV | 0 () |
Intraday Trend | 1.4% |
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