IShares Russell Top 200 Value ETF (IWX) TEMA Trending Higher

Lloyd Doyle
September 23, 2017

Wells Fargo & Company MN reduced its position in shares of iShares Russell Microcap Index (NYSE:IWC) by 0.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. Starting from the top-down typically includes studying the overall economy, industries, and multiple markets.

Investing in the stock market may include having to keep emotions in check.

The Percentage Price Oscillator is above the signal line on shares of Vanguard Russell 2000 ETF (VTWO). The Williams %R is a momentum indicator that helps measure oversold and overbought levels. The Williams %R is similar to the Stochastic Oscillator except it is plotted upside-down.

The institutional investor owned 21,381 shares of the exchange traded fund's stock after buying an additional 17,102 shares during the quarter. iShares Russell 1000 Growth Index makes up about 1.0% of Edgestream Partners L.P.'s investment portfolio, making the stock its 22nd largest holding.

When choosing indicators for technical stock analysis, traders and investors may opt to examine the ATR or Average True Range in addition to Mesa Moving Average comparisons. The stock has a 50 day moving average price of $116.12 and a 200 day moving average price of $115.64. Moving averages can be very helpful for identifying peaks and troughs. They may also be used to help the trader figure out reliable support and resistance levels for the stock. The company has a 50-day moving average of $86.78 and a 200-day moving average of $86.46. iShares Russell Microcap Index has a 12 month low of $71.17 and a 12 month high of $91.15.

Taking a quick look at technical levels and trend lines, we see that the stock has a 14-day ADX of 24.99. The Average True Range is an investor tool used to measure stock volatility. A value of 50-75 would signify a very strong trend, and a value of 75-100 would point to an extremely strong trend. On the flip side, a reading below -100 may signal a downtrend reflecting weak price action. A reading under 30 would indicate oversold conditions. The ADX is a technical indicator developed by J. Welles Wilder used to determine the strength of a trend. RSI measures the magnitude and velocity of directional price movements. The Williams %R oscillates in a range from 0 to -100. As a general rule, an RSI reading over 70 would signal overbought conditions. Using the CCI as a leading indicator, technical analysts may use a +100 reading as an overbought signal and a -100 reading as an oversold indicator, suggesting a trend reversal. After a recent check, the 14-day RSI is now at 65.77, the 7-day stands at 70.31, and the 3-day is sitting at 54.80.

The Relative Strength Index (RSI) is a highly popular technical indicator. The ATR is an indicator developed by J. Welles Wilder. The ATR is not considered a directional indicator, but it may reflect the strength of a particular move. Presently, the 14-day ADX for Vanguard Russell 1000 Index Fund (VONE) is 14.92. A value of 25-50 would indicate a strong trend. Traders often add the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to identify the direction of a trend. Even highly experienced investors may have to someday make the hard decisions in order to keep the portfolio strong. Autus Asset Management LLC now owns 9,057 shares of the exchange traded fund's stock valued at $1,055,000 after acquiring an additional 80 shares in the last quarter. Holding on to a victor too long can eat into profits that may have been better spent getting into another promising name. Even though a stock has had a big run, it may be time to unload and take some profits.

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