DCipher on MMWW:
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During the most recent trading session, MMWW posted a new fifty-two week high at 34.500. The last trade for MMWW was 33.000 with volume of 1,578,000 shares. The new fifty-two week high for MMWW may clear the way for a new leg in its current uptrend. 172% of the stock's thirty-day average volume has been traded in the most recent session.
MMWW is in a strong uptrend with a significant positive divergence from the 200-day moving average line. The moving average describes the price trend of a stock over specific period 200 days in this case. When a stock's price is significantly above this line, it has recently posted strong gains and may soon consolidate, or pull back, before resuming its uptrend.
With a significant positive divergence from the 50-day moving average line, MMWW is posting strong positive gains. The stock may consolidate briefly in the short-term before the next upleg in its current trend as some investors might consider it overbought at this time. The 50-day moving average line is a reliable intermediate-term indicator the greater the divergence from this line, the more profits there are to be had for short-term players. If the stock pulls back on decreasing volume and volatility in the near-term, this is a positive sign that MMWW will experience an uptrend.
MMWW's figures currently rest substantially above its 10-day moving average line. A strong positive divergence from this point of reference indicates that the stock might be overbought in the short-term and that a consolidation or pullback may be in order. If the stock is below its 50 or 200-day moving average lines, but above the 10-day line, this is a sign of short-term strength and signals growing momentum. If this positive divergence occurs on heavy relative volume a trend reversal might be underway. If, however, MMWW is significantly above all three of these moving average lines, the stock may be destined for a strong uptrend. Market timing (in any scenario) requires a sophisticated understanding of a stock's relationship to moving average lines. Considering other technical indicators in conjunction with moving average lines is also useful.
MMWW is exhibiting strong long-term growth potential. The stock has posted significant gains over the past six months and is showing a bullish positive divergence from the 200 and 50 day moving average lines. In its current uptrend, MMWW is a top-performer in the domestic equities markets. MMWW is gaining long-term momentum.
Measured by a combination of the MACD indicator, a strong one-week relative performance and moving average ratios, MMWW is exhibiting strong short-term momentum. In fact, MMWW posts recent gains with strong closing prices implying short-term strengths as indicated by this powerful combination of technical indicators. The stock is gaining momentum as exhibited by an increase in its short-term technical ranking.
The above report is based on mathematical calculations and, as such, no investment decision should be based solely on its conclusions. Follow this link for the full disclaimer.
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