Date: Apr 9, 2018

Shares of BALLARPUR INDUSTRIES LTD. (BALLARPUR.BO) have been trending up over the past five bars, revealing solid bullish momentum for the shares, as they ran 17.95% for the week.  Looking further out we note that the shares have moved 13.93% over the past 4-weeks, 19.58% over the past half year and -23.73% over the past full year.

When examining stocks, investors might be doing top down research. Top down analysis begins with looking at certain macro-economic factors. This may involve focusing in on the bigger picture and going all the way down to specific stocks. Starting at the top, investors may check on the global economic environment, overall market trends, and sector trends. Investors may choose to start doing research the other way around. This may involve first looking at the fundamentals for particular stocks in order to gauge the strength from a company standpoint. Many investors will scope out all the different investing aspects as to not leave any information uncovered.

Currently, Australian Vanadium Ltd (AVLO.AX) has a 14-day Commodity Channel Index (CCI) of 130.00. The CCI technical indicator can be employed to help figure out if a stock is overbought or oversold. CCI may also be used to aid in the discovery of divergences that could possibly signal reversal moves. A CCI closer to +100 may provide an overbought signal, and a CCI near -100 may offer an oversold signal.

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