Jun. 27 at 12:17 AM
$UTG
$UTG appears to be in a strong bullish trend. Its 200-day moving average is upwards sloping & the MACD histogram is above 0. Comparative Relative Strength analysis shows that this issue is lagging the S&P 500. Momentum for UTG is strongly bullish. The 14-period Slow Stochastic oscillator is above 80, the level which many analysts call overbought. This means that investors have been actively purchasing shares and driving the price higher. Today's volume was lighter than usual, trading 172,001 shares, versus an average of 319,726 shares per day during the last twelve months. The On Balance Volume indicator (OBV) shows that longer term accumulation has given way to near term selling pressure by traders. Volatility, measured using the width of the Bollinger Bands, is low. Periods of low volatility tend to precede price breakouts, although they do not provide information as to which direction the breakout will take. Trend and momentum indicators can be helpful to measure future trends.
