Stock Trading Monitor: Horizons Active Corporate Bond ETF (:HAB) EMA 50 Reading is 10.619685

Investors may be trying to gauge the current business cycle phase and how that could potentially impact the portfolio. Business cycles can be one way to analyze portfolio performance. Early on in the cycle, profits tend to grow rapidly, sales tend to improve, and activity rebounds. In the middle of a cycle, growth may be peaking, strong credit growth may still be seen, and policy may swing neutral. Toward the later stages, growth may be moderate, earnings may come under pressure, and credit may tighten. Heading into a period of recession, credit may completely dry up, profits may decline sharply, and there may be policy easing. Investors will often have to adjust portfolio holdings that reflect the current state of a business cycle.

Investors will typically be keeping track of historical highs and lows for a particular stock that they are researching. Watching levels for Horizons Active Corporate Bond ETF (:HAB, we can see that the all time high is currently 11.36, and the all time low is 10.01. Let’s look at some alternate high/low price data:

Six month low: 10.34
Six month high: 10.73
One year low: 10.34
One year high: 10.75
Three month low: 10.35
Three month high: 10.73
One month low: 10.56
One month high: 10.73

Traders might be keeping tabs on the Hull Moving Average for Horizons Active Corporate Bond ETF (:HAB). The current HMA reading is 10.618259. Traders may use the HMA to help identify the prevalent market trend. This may also lend to spotting useful exit and entry points on the stock.

Conducting technical analysis of the stock may include following the Keltner Channel indicator. A recent check shows the 20 day lower band at 10.617104 and the 20 day upper band at 10.67026. During a clearly defined trend, a break above or below these levels may point to the underlying strength of the trend. A break above the upper band may signal continuing bullish trend strength, and a break below the lower band may signal continuing bearish trend strength.

The 20 day Chaikin Money Flow indicator is currently -0.18291204. This indicator was developed by Marc Chaikin who observed that the pressures of buying and selling could be figured out by where a period finishes relative to the range of highs and lows.

Traders may use a variety of moving average indicators when examining a particular stock. Checking on some Exponential Moving Averages, we note that the 200 day is 10.542066, the 100 day is 10.576064, and the 50 day is 10.619685. Zooming in closer, we note that the 30 day EMA is 10.638299, the 20 day is 10.6436825, and the 10 day is noted at 10.640257.

The SMA or Simple Moving Average can be calculated for different time periods. The SMA helps smooth out volatility and makes it a bit less difficult to gauge the price trend of a stock. Let’s view some popular SMA levels below:

Simple Moving Average 20 day: 10.65325
Simple Moving Average 100 day: 10.56165
Simple Moving Average 10 day10.646
Simple Moving Average 50 day: 10.6275
Simple Moving Average 30 day: 10.645833
Simple Moving Average 200 day: 10.489275

Stock market investing can indeed tug on an individual’s emotional strings. When the market becomes tumultuous, investors may be tempted to act impulsively, or they may freeze and not act at all. Being prepared for various scenarios may help the investor better deal with the market when the time comes. Staying disciplined with portfolio rebalancing and asset allocation may be a big help for the individual investor. Investors who constantly try to outguess the market and chase winners may eventually find themselves swimming upstream. Staying the course and keeping a logical perspective may assist the investor with making the tricky portfolio decisions when necessary.  

Investors tracking shares of Horizons Active Corporate Bond ETF (:HAB) will note that since the stock opened at 10.63, shares have seen a change of -0.02. During that period, the stock has touched a low of 10.61 and tipped a high of 10.63. Volume on the day is presently 4300.