WIW - Western Asset/Claymore US Treasury Inflation Prot Secs Fd 2 Fri 13'th Jan 2017
Strong Buy Candidate
Stock analysis for Fri 13'th Jan 2017 (Updated daily)
Buy candidate since 2017-01-09
Western Asset/Claymore US Treasury Inflation Prot Secs Fd 2 Stock Analysis
Western Asset/Claymore US Treasury Inflation Prot Secs Fd 2 gained 0.18% in the last trading day rising from, USD 11.11 to USD 11.13. The price has fallen in 6 of the last 10 days , but is still up by 0.45% over the past 2 weeks. Volume also increased in the last day along with the price, which is a positive technical sign, and ,in total, 32 203 more shares traded than the day before. In total there were 80 719 shares were bought and sold for approximately USD 898 402.
Given the current horizontal trend you can expect Western Asset/Claymore US Treasury Inflation Prot Secs Fd 2 with 90% probability to be traded between USD 10.89 and USD 11.35 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Only positive signals in the chart today. Western Asset/Claymore US Treasury Inflation Prot Secs Fd 2 holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at USD 11.12 and USD 11.06. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday December 20, 2016, which indicates further gains until a new top pivot has been found. Western Asset/Claymore US Treasury Inflation Prot Secs Fd 2 has rising volume and it does follow the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
* Golden Star Signal* is when the short-term moving average, the long-term moving average, and priceline meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Relative Strength Index (RSI)
RSI14 is 68 and the stock is currently not being overbought or oversold
Support & Resistance
Western Asset/Claymore US Treasury Inflation Prot Secs Fd 2 finds support from accumulated volume at USD 11.09, USD 10.98, and USD 10.97. On the upside the stock meets some resistance just above today's level from accumulated volume at USD 11.15, USD 11.25 and USD 11.30.
The stock is about to test the resistance from accumulated volume at USD 11.15 and this may cause the stock to take a minor break or get into a more sideways move for a few days.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day the stock moved USD 0.06 between high and low, and this equals 0.54%. For the last week, the stock has had a daily average volatility of 0.65%.
Our recommended stoploss: USD 10.92 (-1.89%) ( based on support and risk)
Western Asset/Claymore US Treasury Inflation Prot Secs Fd 2 holds several positive signals and is considered to be a good choice at current levels. We expect the stock to perform very well in the short-term period. We have upgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate.