Weekly Stochastics have not established a bullish crossover, yet remain in an oversold situation.
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The downtrend reversed on October 8, confirmed by rising stochastics and a relative strength index rebounding from oversold territory.
Stochastics above 90 and a rising RSI of 64 suggest for Celadon the potential of a reversal over the next few days.
With a top in place, Walgreen looks to be overbought as suggested by stochastics over 85 and a relative strength index crossing above 73.
Using a 4-month chart, a 10-period relative strength index reading of 7 and slow stochastics in deeply oversold territory indicate Hormel could be attractively priced in the current price range.
Downward trending stochastics above 72 suggest the stock is currently overbought, and the stock is threatening to break below the 10-day exponential moving average which it used as support throughout September.
Stochastics over 80 confirm Zale may be technically overbought.
Stochastics above 93 suggest AvalonBay is extremely overpriced right now, and a bearish move may be confirmed if the ADX line falls below the DMI minus line as the trend is indicating.
Stochastics above 90 and a relative strength index just below 85 indicate Apple is severely overbought, and the most recent rally (which began in early February) has come on mostly average-to-low volume.
The stock used the 20-day exponential moving average (EMA) as support on August 16 and 19, but is threatening to close beneath the EMA, and down trending stochastics near 70 indicate an overbought position.
Corrections Corp is currently priced close to the 10-day exponential moving average (EMA), and upward trending stochastics near 47, in addition to a relative strength index of 40, suggest the stock may be consolidating for a run higher.
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