20 Day Upper Donchian Band Hits 72.24 for ESCO Technologies Inc. (NYSE:ESE)

Defining specific goals and creating an overall stock trading strategy can be a big help for the individual investor. Some investors are only interested in buy and hold strategies, while others will opt to try and capitalize on short-term market movements. Investors may also decide to do a little bit of both. They may choose a selection of stocks that they plan on holding for a long time, and they may choose others that they plan on holding for only a short period of time. Whichever way the investor decides to go, they should be prepared to complete all the research. Whether they want to study the fundamentals, technicals, or both, finding quality stocks may be at the forefront of the search.

Donchian Channels may be useful for technical traders. The primary function of the indicator is to measure volatility. The bands will widen when volatility is high, and they will become narrow with low volatility. The 20 day upper band level is 72.24 on shares of ESCO Technologies Inc. (NYSE:ESE). For the same period, the lower band level is 67.97.

Trading on volume of 700, ESCO Technologies Inc. (NYSE:ESE) has seen a change from the open of 0.09 since the stock opened at 71.96. Monitoring today’s activity, the stock has hit a high point of 72.05 and slipped to a low of 71.96. 

The 20 day Keltner Channels upper envelope is 70.930954. The 20 day Keltner Channels lower envelope is 69.88193. The Keltner Channels indicator was introduced by Chester Keltner in his book How to Make Money in Commodities. Keltner’s ideas have since been expanded upon and are widely used by technical traders.

Watching volatility readings, we can see the current value for the stock is 1.3801757. Volatility for the week stands at 1.3238338, and the monthly reading is 1.6924684. Volatility involves the amount of risk in relation to the amount of change in a stock’s value. 

Following the Chaikin Money Flow indicator, we note that the current 20 day value is 0.4604506. Traders will watch to see if the indicator can help confirm an ongoing trend. In the midst of a bullish trend, the CMF value staying above zero may point to continuous buying pressure and the possibility of a sustained rise in price. In the midst of a bearish trend, the CMF value staying below zero may show continuous selling pressure and the possibility of continued price decline.

Scanning the equity market, we note that the stock’s current Oscillator Rating is showing “Neutral”. Traders will take note of many different factors when examining a stock’s health. Flipping over to the Moving Average Rating, we see that the current sentiment is pointing to a “Strong Buy”.

Checking in on the Awesome Oscillator, we see that the reading is 2.7065587 for ESCO Technologies Inc. (NYSE:ESE). Traders may follow this oscillator to measure market momentum. Created by Bill Williams, the Awesome Oscillator calculates the difference of the 5 period and 34 period SMA.

Individual investors are constantly hearing about the next hot stock to buy. Acting purely on these types of tips can be hazardous to the portfolio if the research is not completed. Sometimes these stock tips will pan out and be correct, other times they can leave the investor wondering why they acted on the speculative advice. Even if a stock tip is correct, the results may have already been manifested and the investor would simply be getting in way too late. Knowing what information is reliable can drastically improve the chances of making smarter stock picks. Even the most praised stocks may not be able to withstand an overall market downturn.    

Shares of ESCO Technologies Inc. (NYSE:ESE) ended last session at 72.05. Following today’s trade, we note that the stock has moved -0.26301217% since the opening bell. The company has a current market cap of 1874214400. The stock’s high price over the last month is presently 72.72.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.