Trading Notebook: 20 Day Lower Donchian Band at 29.28 for Vocera Communications, Inc. (NYSE:VCRA)

Investors may be looking for the next positive catalyst to create a solid breakout. Some may be wondering when the party will end, and it remains to be seen if excess and profit-taking rotation may create any pullbacks in the upcoming quarter. Investors may have to make a decision whether to ease-up or stay aggressive. Investors may also be closely watching winners and losers, especially in the technology sector. Understanding and researching the space may be highly important when managing the investment portfolio. The key for investors will be to try and locate the winners in the space and find the companies that are either creating new technology or adapting to it rapidly. 

Checking in on the Awesome Oscillator, we see that the reading is -5.180294 on shares of Vocera Communications, Inc. (NYSE:VCRA). 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.

Trading on volume of 3086, Vocera Communications, Inc. (NYSE:VCRA) has seen a change from the open of -0.07 since the stock opened at 30.21. Monitoring today’s activity, the stock has hit a high point of 30.21 and slipped to a low of 29.93. 

The 20 day Keltner Channels upper envelope is 32.883415. The 20 day Keltner Channels lower envelope is 31.253202. 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.

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 40.16. For the same period, the lower band level is 29.28.

Shares of Vocera Communications, Inc. (NYSE:VCRA) ended last session at 30.14. Following today’s trade, we note that the stock has moved -0.42946813% since the opening bell. The company has a current market cap of 913114900. The stock’s high price over the last month is presently 42.595.

Watching volatility readings, we can see the current value for the stock is 2.184874. Volatility for the week stands at 3.4613314, and the monthly reading is 3.7274268. Volatility involves the amount of risk in relation to the amount of change in a stock’s value. Tracking the Bull Bear Power, we note that the stock is presently -1.8386645.

Following the Chaikin Money Flow indicator, we note that the current 20 day value is 0.06864729. 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 “Buy”. 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 Sell”.

Market watchers diligently track the companies they think can do well to grow earnings. The goal is typically to discover stocks that are most likely to outperform in the future. Many investors like to keep tabs on sell-side analyst views. Following the direction estimates are trending may provide a deeper glimpse into the health of a company. Investors may need to follow a disciplined system which may help keep emotions in check when making investment decisions. On the other end, it may be necessary to craft a new strategy if the old system isn’t providing the types of expected returns. It can also become very time-consuming to keep up with shorter-term trends and events. Managing the short-term plan with the long-term plan can be difficult given the existing economic climate.

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