Trend Analysis For DXO

A lot of our readers use ticker DXO for going long crude oil so we thought we would share an example of what our Smart Scan technology can do. Just Click Here to sign up to get these free trend analysis in your in box everyday.

Smart Scan Chart Analysis for DXO shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the near term. Look for a very weak downtrend and trade with very tight stops.

Based on a pre-defined weighted trend formula for chart analysis, DXO scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend):

+10........Last Hour Close Above 5 Hour Moving Average
-15........New 3 Day Low on Friday
-20........Last Price Below 20 Day Moving Average
-25........New 3 Week Low, Week Ending July 11th
+30........New 3 Month High in June
-60........Total Score



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