Heading Higher? Technical Update on China Distance Education Holdings (DL) Shares as ADX Shows a Sell

Image result for China Distance EducationInvestors may be studying some short-term indicators on shares of China Distance Education Holdings (DL). The current 7-day average directional indicator is Sell. This signal may be used to determine the market trend. The 7-day directional strength is Minimum . This trend strength indicator measures the signal based on historical performance where minimum would represent the weakest, and maximum would indicate the strongest. The 7-day average directional direction is currently Weakening. This signal indicates whether the Buy or Sell signal is getting stronger or weakening, or whether the Hold is heading towards a Buy or Sell.

Successful investors are typically well aware of portfolio holdings at any given time. They tend to regularly review the portfolio to make sure that the combination of stocks is in line with goals and contributing to the outlined strategy. There may be times when everything seems to be in order after a thorough portfolio review. Other times, there may be a few changes that can be made. Maybe there are one or two names that have been over performing providing a big boost to the portfolio. On the other end, there could be a few stocks that are impacting the portfolio in a negative way and they may need to be addressed. Although constant portfolio monitoring may not be overly necessary for longer-term investors, regular portfolio examination is generally considered to be a good idea.

Shifting gears, we can see that the 10-day moving average Hilo channel is currently Buy. This indicator calculates the moving average based on highs/lows rather than the closing price. The direction of the signal is currently Strengthening.

Looking at some other short-term indicators, China Distance Education Holdings (DL) has a 20-day moving average vs price of Buy. This is the signal from the 20-day MA which is used to monitor changes in stock price. The current signal strength is Weak and the direction has been noted as Strengthening. The 20-50 day MACD Oscillator signal is presently Buy. The strength is presently Average and the direction is Strengthening.

Focusing in on the 20-Day Bollinger Bands signal for China Distance Education Holdings (DL), the current reading is Hold. This short-term indicator may be used to help spot oversold and overbought conditions.

When watching the day to day movements of the market, investors often have to be careful not to let external factors cloud their judgment. From time to time, there may be certain stocks taking off that look highly tempting to purchase. Getting into a position based on short-term price movements may be a specific strategy for some, but it may be highly costly for others. Even if a stock has been on a big run that the investor might have missed out on, there is no guarantee that the run will continue higher. Although there may be potential in highly publicized stocks, it may be wise for investors to do their own research and then decide if the stock fits with the overall goals.

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