Amag Pharmaceuticals (AMAG): A Look at Recent Performance

Amag Pharmaceuticals (AMAG) has ended the week in the black, yielding positive results for the shares at they ticked 0.21%. In taking a look at recent performance, we can see that shares have moved -19.71% over the past 4-weeks, -29.93% over the past half year and -52.85% over the past full year.

Traders may be narrowing in on the ATR or Average True Range indicator when reviewing technicals. At the time of writing, Amag Pharmaceuticals (AMAG) has a 14-day ATR of 0.96. The average true range indicator was created by J. Welles Wilder in order to measure volatility. The ATR may assist traders with figuring out the strength of a breakout or reversal in price. It is important to note that the ATR was not designed to determine price direction or to predict future prices.

Some investors may find the Williams Percent Range or Williams %R as a helpful technical indicator. Presently, Amag Pharmaceuticals (AMAG)’s Williams Percent Range or 14 day Williams %R is resting at -52.78. Values can range from 0 to -100. A reading between -80 to -100 may be typically viewed as strong oversold territory. A value between 0 to -20 would represent a strong overbought condition. As a momentum indicator, the Williams R% may be used with other technicals to help define a specific trend.

Investors may use multiple technical indicators to help spot trends and buy/sell signals. Presently, Amag Pharmaceuticals (AMAG) has a 14-day Commodity Channel Index (CCI) of -29.99. The CCI was developed by Donald Lambert. The assumption behind the indicator is that investment instruments move in cycles with highs and lows coming at certain periodic intervals. The original guidelines focused on creating buy/sell signals when the reading moved above +100 or below -100. Traders may also use the reading to identify overbought/oversold conditions.

The Average Directional Index or ADX is a popular technical indicator designed to help measure trend strength. Many traders will use the ADX in combination with other indicators in order to help formulate trading strategies. Presently, the 14-day ADX for Amag Pharmaceuticals (AMAG) is 33.28. In general, an ADX value from 0-25 would indicate an absent or weak trend. A value of 25-50 would indicate a strong trend. A value of 50-75 would signal a very strong trend, and a value of 75-100 would indicate an extremely strong trend. The ADX alone was designed to measure trend strength. When combined with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI), it can help decipher the trend direction as well.

Taking a peek at some Moving Averages, the 200-day is at 19.61, the 50-day is 17.28, and the 7-day is sitting at 13.62. The moving average is a popular tool among technical stock analysts. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a specific period of time. Moving averages can be very useful for identifying peaks and troughs. They may also be used to help the trader figure out proper support and resistance levels for the stock.

By Journal Contributor

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