Watching the Technical Levels on Shares of Cray Inc. (NASDAQ:CRAY): Awesome Oscillator Touches 0.55970585

Investors have plenty to keep up with when following day to day business news. Sifting through the headlines can be cumbersome, and figuring out which data to pay attention to can be very time consuming. News events can play a big role in the investing world. Big news has the ability to push a stock up or down. Sometimes the move may be justified, and other times it may not be. Disciplined investors are usually skilled at determining which information to focus on. Overreactions can play a large role in determining the long-term health of a portfolio. Investors often have to understand that a great stock can see periods of decline just as a weak stock may experience periods of strength. Putting in the research hours can help the investor prepare for opportunities when they spot unusual action in the stock market.

Following trading action on shares of Cray Inc. (NASDAQ:CRAY), we see that the stock has moved -0.34 since the opening price of 22.87. So far, the stock has reached a high of 22.87 and dipped to a low of 22.24. The consensus rating on the stock is currently Buy, and today’s volume has been measured around 19711.

Tracking some stock ratings for Cray Inc. (NASDAQ:CRAY), we can see that the stock’s Moving Average Rating is currently pointing to a “Buy”. Traders may be monitoring many different indicators in order to get a grasp of where the stock may be moving in the near future. Taking a look at the Oscillators rating, we note that the reading is pointing to a “Buy”.

Technical traders have many tools at their disposal when conducting stock research. One of those tools is the Exponential Moving Average or EMA. The EMA is similar to the simple moving average, but more weight is put on the newest data. Let’s look at some different EMA levels:

10 day Exponential Moving Average: 22.58508
20 day Exponential Moving Average: 22.437254
30 day Exponential Moving Average: 22.344929
50 day Exponential Moving Average: 22.283306
100 day Exponential Moving Average: 22.375221
200 day Exponential Moving Average: 22.553686

Taking a look at the Donchian Channels indicator, we note that the 20 day lower band is 19.51. The 20 day upper band is 23.71. This indicator was created by Richard Donchian, and traders follow these channels to help identify potential trading signals.

Traders will take note of the 20 day Chaikin Money Flow indicator that is now at -0.09502161. The value of this indicator will fluctuate between 1 and -1. Traders may be watching when the CMF crosses zero. This cross might point to a bullish or bearish price reversal depending on which way it is moving crossing the zero line.

The Awesome Oscillator reading is currently 0.55970585. Technical traders will watch the AO especially when it crosses above or below the zero line. A move above the line may signal a bullish scenario. A move below the zero line may indicate a bearish selling opportunity. The AO may prove to be a valuable tool for many momentum traders.

There are a number of different pivot points that traders can use when conducting stock analysis. Pivot points can be useful for traders looking to establish trading entry and exit points. Focusing on some popular one month pivots for  Cray Inc. (NASDAQ:CRAY), we see that the Woodie pivot is currently at 22.1825. The Woodie support 1 pivot is 21.205, and the Woodie resistance 1 pivot is 22.565. The Camarilla one month pivot is presently 22.36. The one month Classic pivot is 22.36 and the Classic resistance 1 is 22.92 while the Classic support 1 pivot is measured at 21.56.

Some investors may be lamenting the fact that they have not taken full advantage of the long bull run. There are plenty of pundits that are calling for a sharp stock market decline, but there are also many who believe that the ceiling has been raised and there is much more room for stocks to go higher. Getting into the market at these levels may be holding some investors back from jumping into the fray, and nobody can be sure which way the momentum will swing as we near the end of the year. The next round of company earnings reports should provide some good information about future prospects. Investors will be closely watching to see which sectors are running at full speed and which ones are lagging. 

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