Power Shares Golden Dragon - Smaug it ain't
Price
and moving averages:
PGJ (Power
Shares Golden Dragon) has closed above its short term moving average.
Short
term moving average is currently below mid term, AND below long term moving
averages.
The
relationship between price and moving averages is: neutral in short term, and
bearish in mid-long term.
Bollinger
Bands:
PGJ (Power
Shares Golden Dragon) has closed below upper band by 32.9%.
Bollinger
Bands are 39.1% narrower than normal.
The
current width of the bands (alone) does not suggest anything conclusive about
the future volatility or movement of prices.
Stochastics
indicate continued selling.
Volume
on the last few upticks has been weak.
Our
unpublished trend indicator is neutral.
Current
rating is
-2
Tech ratings are 3 to -3 indicating bullish to bearish; a zero is neutral to
cautionary.
This
commentary is not a recommendation to buy or sell. Use at your own risk.
Disclosure:
the firm does not currently hold a position in this stock and has no plans to
create a long or short position over the next 5 business days.
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