Thursday, March 31, 2011

HSIC & EOM



EOD mathematical formulas utilizing EOM (ease of movement), CCI, MACD Histogram and 138 day MA identified HSIC as a nicely positioned stock demonstrating an increasing EOM and rising CCI. (see last post: http://instigator928.blogspot.com/2011/03/check-these-out-for-tomorrow.html). Here is the equivolume chart 2 days later. HSIC closed at 67.46 on Tuesday and 68.85 today, which is a 2.06% gain in 2 days. The Formulas all had positive results on Tuesday. The EOM formula was negative today: (1000 * easeOfMovement(colorNormLength = 1, smLength = 1) - 1000 * EaseOfMovement(colorNormLength = 2, smLength = 2))=-10.76. HSIC price just broke out of the equivolume box (i.e. CCI>100). Let's see if the negative EOM formula result is associated with a brief pullback.

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