DW8 Growth, page-9315

Momentum now bullish & long term selling pressure has given way to accumulation. End of consolidation to full on bull?

Consolidation Within Bullish Trend

DW8 appears to be consolidating within a longer-term uptrend. The Average Directional Index, or ADX, is below 20, indicating that shares have traded sideways recently. However, the 200-day is still sloping bullishly upwards.

Bullish Momentum

Momentum for DW8 is improving. The 14-period Slow Stochastic Oscillator is rising as investors begin to purchase shares.

Volume
The On Balance Volume indicator (OBV) shows that longer term selling pressure has given way to near term accumulation by traders.

Recent High Volatility Signals Potential Pause in Trend

Bollinger Bands^® use standard deviation of the closing price around a moving average to measure volatility. The Bollinger Bands^® are presently wider than usual, as a result of greater than normal volatility that accompanied the recent price move. Events such as this may precede a pause or reversal in the near term trend.