Tom Ronk Says Buy ITI Inc (NASDAQ:ITCI)
Investment Highlights
PATTERN SCAN predicts the price of ITCI
expected to move up in the coming weeks based on
the appearance of a ‘Three Inside Up’ pattern.
Specifically, a ACT EOD variant of Three Inside
Up has been detected. The target is $29.17.
·
INSIDER predicts that ITCI will move up based on
insiders trading in the stock.
·
SQUEEZETRIGGER predicts that when ITCI
closes above $37.11, we expect a short squeeze to
begin that could quickly drive the price of ITCI
considerably higher.
·
VALUATION ITCI has a current value of $45.82
which means the stock is undervalued compared to
its Price of $None.
INTRACELLULAR TH closed up 1.070 at 26.650. Volume was 92% below average (consolidating) and Bollinger Bands were 35% narrower than normal.
Open High Low Close Volume___
25.890 26.700 25.890 26.650 40,762
Technical Outlook
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bearish
Moving Averages: 10-period 50-period 200-period
Close: 25.86 31.47 38.42
Volatility: 89 104 129
Volume: 611,917 627,179 687,385
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
Summary
INTRACELLULAR TH is currently 30.6% below its 200-period moving average and is in an upward trend. Volatility is extremely low when compared to the average volatility over the last 10 periods. There is a good possibility that there will be an increase in volatility along with sharp price fluctuations in the near future. Our volume indicators reflect volume flowing into and out of ITCI.O at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on ITCI.O and have had this outlook for the last 4 periods.
HEFFX Momentum
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.
Stochastic Oscillator
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 59.7938. This is not an overbought or oversold reading. The last signal was a buy 4 period(s) ago.
Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 44.79. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 27 period(s) ago.
Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -7. This is not a topping or bottoming area. The last signal was a buy 4 period(s) ago.
MACD
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 3 period(s) ago.
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