Simple Moving Average 50 Touching 24.4962 for Echo Global Logistics, Inc. (NASDAQ:ECHO)

Even for seasoned investors, it can be natural to become wary when certain stocks are tanking in the stock portfolio. The knee jerk reaction can be to immediately change up the portfolio mix to help rectify the situation. Sometimes changes may need to be made, but often times, resisting the urge to make changes based on temporary downturns may prove to help the longer-term health of the stock portfolio. Investors may find themselves in the same predicament when markets are heading higher and every stock seems to be a winner. The impulse might be to double down and buy even more shares of a name that has been over performing recently. Once again, sometimes this may work out, but there will also be times when stocks have finished the run and adding to the position may end up nullifying previous gains if momentum swings back the other way.

Dedicated traders will often pay close attention to Exponential Moving Average levels. EMA study can help guide traders when gauging market strength. We can see the following EMA levels on shares of Echo Global Logistics, Inc. (NASDAQ:ECHO):

30 day Exponential Moving Average: 24.73341
50 day Exponential Moving Average: 24.591524
100 day Exponential Moving Average: 24.338614
10 day Exponential Moving Average: 24.679605
20 day Exponential Moving Average: 24.77249
200 day Exponential Moving Average: 24.629826

Traders checking the pulse on shares of Echo Global Logistics, Inc. (NASDAQ:ECHO) will note that since the opening price of 24.54, the stock has moved 0.15. During the session, the stock has hit a low of 24.47 and reached a high of 24.85. Volume on the day is around 6604. 

The HMA or Hull Moving Average for the stock is presently 24.201. The HMA may help with technical analysis by reducing lag and heightening responsiveness. Traders often find that following this indicator helps with reduction of noise.

As traders scan the equity market, they may be using Simple Moving Averages to help figure out where a stock is headed. Following some SMA levels, we can see that the 10 day is 24.775, the 20 day is 24.994, and the 30 day is 24.968334. Tracking some other time periods, we note that the 50 day SMA is 24.4962 , the 100 day is 24.38095 , and the 200 day SMA is currently 23.489824.

Scanning through some ratings, we note that the current Oscillator Rating on the stock is a “Neutral”. The Moving Average Rating is sitting at a “Buy”. Traders may use these signals in conjunction with other indicators in order to set up the chart for future trading success.

Investors following Echo Global Logistics, Inc. (NASDAQ:ECHO) can see that the stock most recently closed at 24.69
Past 3 months: 10.916442
One year change: -19.313726
Year-to-date: 21.446138
Past week: -0.52377117
Past month: 4.5743327

Traders following Donchian Channels can see that the 20 day upper band is 25.88 and the 20 day lower band is 23.87. These channels are used by technicians to help spot possible breakouts, and they may also be used to confirm a defined trend.

Echo Global Logistics, Inc. (NASDAQ:ECHO) has drawn the attention of traders as the price has moved 0.61124694% since the open. The prior session close was noted at 24.69. Looking back over the last month, we note that the stock’s high point was seen at 25.94.

Sharp investors typically realize that stock returns can fluctuate, and the periods of extreme ups and downs can sometimes be quite long. It can be very difficult to predict when a big market downturn will occur. However, investors who have a plan in place will often find themselves in a better position than those who do not. Investors following an individual plan can include some preparation for the unknown. The plan may involve specific criteria, and it may be uniquely tailored to suit the individual’s goals. When markets get choppy, it can be tempting for the individual investor to go into survival mode. Some of the best stock buying opportunities will present themselves during a lengthy period of decline. Being ready to pounce on these opportunities might end up being a huge benefit to the investor when the time comes.

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