The Greedy Trader Weekly Analysis
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Weekly Pattern:Falling Channel
Number of records: 35
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Channeling Stock - rising channel and falling channel.
Stock channeling technique is one of the most efficient and widely used trading technique. Price channel represents price movement bound by parallel lower (support) and upper (resistance) trend lines. Channels with rising trend lines (rising channel) are considered bullish and the falling channel is considered as bearish . Channels are continuation formations as far as support and resistance are not broken.
Trading technique:
# 1
Buy channeling stock on support and sell on resistance.
# 2 For bullish channel: sell channeling stock when price breakes the stock channeling support line. For bearish channel: buy channeling stock when price breaks the resistance line.
Tips:
# 1 For the best results, stock channeling should be considered together with other technical analysis signals and technical trading techniques.
Estimated Target: the main trend support/resistance line.
channeling stock,stock channeling,rising channel,falling channel,Price Channel
Aetna Inc. (New)
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Summary:
Weekly :Broken trend support line
Daily :Williams' Percentage Range is oversoldStochastic has raised above the signal lineA Parabolic SAR indicator is below and near the priceBroken trend support line
Move cursor over the icon to see details.

It was a first positive week for the Aetna Inc. (New) (AET). During the week, the AET climbed 0.22 points, or 0.81%, and closed at 27.33 on Friday, August 27, 2010. Weekly volume was -49% below average.

Long-term trend: [See AET long-term trend chart]
A long-term uptrend had started on November 21, 2008 at 14.21 and reached 35.96 on April 6, 2010. AET gained -21.75 points, or -153.06%, in 71 weeks. The chart has formed a Rising Wedge chart pattern. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a long-term trend.

Medium-term trend: [See AET medium-term trend chart]
A medium-term uptrend had started on March 5, 2009 at 18.66 and reached 35.96 on April 6, 2010. AET gained -17.30 points, or -92.71%, in 56 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (37.55) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. AET may retest the broken support line. It is considered to be a resistance line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.

Relative Strength Index (RSI):		43.81
William"s Percentage Range (W%R):	78.7
Lane"s Stochastic (%D-Slow):		51.88 Weekly Technical Indicators: [See AET weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since April 16, 2010. The distance between MACD and the signal line is low, but getting bigger. Use the following link to access a MACD help.

Short-term trend: [See AET short-term trend chart]
A short-term uptrend had started on July 1, 2010 at 25.00 and reached 30.39 on August 9, 2010. AET gained -5.39 points, or -21.56%, in 39 days. The chart has formed a Rising Channel chart pattern. The uptrend support line (29.80) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. AET may retest the broken support line. It is considered to be a resistance line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a short-term trend.

Relative Strength Index (RSI):		26.78
William"s Percentage Range (W%R):	86.0
Lane"s Stochastic (%D-Slow):		20.82 Daily Technical Indicators: [See AET daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.

The daily MACD line is below its signal line since August 12, 2010. The distance between MACD and the signal line is low and getting smaller.

A Parabolic SAR (stop and reversal) indicator (27.49) comes close to the price (27.33). It indicates that the trend is getting weaker. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 26.78
Williams' Percentage Range (W%R) 86.00
Oversold
Lane's Stochastic (%D-Slow) 20.82
Greed/Fear Indicator (GFI) 20.52
Moving Average Converg./Diverg. (MACD) -0.20
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 43.81
Williams' Percentage Range (W%R) 78.70
Lane's Stochastic (%D-Slow) 51.88
Greed/Fear Indicator (GFI) 39.00
Moving Average Converg./Diverg. (MACD) -0.52
Trading Signals
Description Value Chart
Weekly Trendline Resistance 32.14
Weekly Trendline Support 29.80
Upper Bollinger Band 29.73
Weekly Stochastic Crossing 28.31
20 Day Moving Average 28.15
50 Day Moving Average 27.96
Parabolic System 27.49
Price 27.33
Daily Stochastic Crossing 26.97
Lower Bollinger Band 25.76
Monthly Trendline Resistance 23.08
Monthly Trendline Support 22.56
Sector and Industry
Description Name Rank
Sector Healthcare 5
Industry Health Care Plans 120
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 30.39
High Date 08/09/2010
Low 26.45
Low Date 08/25/2010
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 32.14
Support 29.80
Low 25.00
Low Date 07/01/2010
High 30.39
High Date 08/09/2010
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 23.08
Support 22.56
High 35.96
High Date 04/06/2010
Low 25.00
Low Date 07/01/2010
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 39.47
Support 37.55
Low 18.66
Low Date 03/05/2009
High 35.96
High Date 04/06/2010
Description Value
Direction Up
Chart Pattern Rising Wedge
Status
Resistance
Support
Low 14.21
Low Date 11/21/2008
High 35.96
High Date 04/06/2010
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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