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WIW - Western Asset/Claymore US Treasury Inflation Prot Secs Fd 2 Mon 27'th Feb 2017

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Buy Candidate

Score: 4.05

#1306 of 5165
Trend:
MV Long:
MV Short:
Pivot:
Volume:
MACD:
Score:
Accuracy: 70.59%
Risk: Low
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Stock analysis for Mon 27'th Feb 2017 (Updated daily)

Buy candidate since 2017-02-23

Gain 0.44%

Western Asset/Claymore US Treasury Inflation Prot Secs Fd 2 Stock Analysis


Western Asset/Claymore US Treasury Inflation Prot Secs Fd 2 gained 0.35% in the last trading day, rising from USD 11.25 to USD 11.29. , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has risen in 6 of the last 10 days days and is up by 0.79% 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, 37 479 more shares were traded than the day before. In total, 125 529 shares bought and sold for approximately USD 1.42 million.

Trend

Western Asset/Claymore US Treasury Inflation Prot Secs Fd 2 lies in the upper part of a narrow and weak rising trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at USD 11.31 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 2.1% during the next 3 months and, with 90% probability hold a price between USD 11.31 and USD 11.55 at the end of this period.

Signals

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 11.22 and USD 11.16. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday February 15, 2017, 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 follows 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.

The stock had a Golden Star Signal* on Tuesday December 27, 2016 in the mediumterm chart.

* 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 69 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 11.18, USD 11.12, and USD 11.10. There is no resistance from accumulated volume above today's level and given the right condition the stock may perform very well during the next couple of days.

Risk

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 0.04 (0.36%) between high and low. For the last week, the stock has had a daily average volatility of 0.50%.

Our recommended stoploss: USD 10.90 (-3.45%) ( criteria: risk and closeness to support from trendline.)

Evaluation

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.

Buy Candidate


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