| ERX latest price $578.6000 (5.37%) ($540.7100 - $586.2900) on Thu. Sep. 13, 2012. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.77% (three month average) |
RSI | 72 |
Latest Price | $578.6000(5.37%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 2.9% a day on average for past five trading days. |
Weekly Trend | ERX advances 5.1% 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(65%) USO(62%) |
Factors Impacting ERX price | ERX will decline at least -1.885% in a week (0% probabilities). TLT(-26%) SHY(-5%) IGOV(-4%) TIP(6%) 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 | -1.885% (StdDev 3.77%) |
Hourly BBV | 0 () |
Intraday Trend | 4.6% |
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