| ERX latest price $544.7000 (3.4%) ($515.8000 - $545.6500) on Mon. Feb. 6, 2012. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.92% (three month average) |
RSI | 70 |
Latest Price | $544.7000(3.4%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 1.8% a day on average for past five trading days. |
Weekly Trend | ERX advances 0.6% 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(88%) IWM(67%) SPY(66%) USO(62%) |
Factors Impacting ERX price | ERX will decline at least -2.46% in a week (0% probabilities). TLT(-27%) SHY(-5%) IGOV(-2%) TIP(5%) 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 | -2.46% (StdDev 4.92%) |
Hourly BBV | 0 () |
Intraday Trend | 4.6% |
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