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Technology Stocks : Dell Technologies Inc.
DELL 133.78-0.1%3:59 PM EST

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To: Chuzzlewit who wrote (34834)3/18/1998 5:07:00 PM
From: Jacky AY  Read Replies (1) of 176387
 
Some technical reading on "stochastics" from e-analytics.com

The stochastic oscillator compares where a security's price has closed relative to its price range over a specifically identified period of time. George Lane, who developed this indicator, theorized that in an upwardly trending market, prices tend to close near their high; and during a downward trending market, prices tend to close near their low. Further, as an upward trend matures, price tends to close further away from its high; and as a downward trend matures, price tends to close away from its low.

The stochastic indicator attempts to determine when prices start to cluster around their low of the day for an uptrending market, and when the tend to cluster around their high in a downtrending market. Lane's theory is these are the conditions which indicate a trend reversal is beginning to occur.
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