GeoVax Labs Inc (GOVX): http://yankeeanalysts.com/2016/11/10/tra...

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Friday, 11/11/2016 7:58:49 AM

Friday, November 11, 2016 7:58:49 AM

http://yankeeanalysts.com/2016/11/10/trading-radar-zooming-in-on-shares-of-geovax-labs-inc-govx/
We can also take a look at the Average Directional Index or ADX of the stock. For traders looking to capitalize on trends, the ADX may be an essential technical tool. The ADX is used to measure trend strength. ADX calculations are made based on the moving average price range expansion over a specified amount of time. ADX is charted as a line with values ranging from 0 to 100. The indicator is non-directional meaning that it gauges trend strength whether the stock price is trending higher or lower. The 14-day ADX for GeoVax Labs Inc. (GOVX) presently sits at 41.84. In general, and ADX value from 0-25 would represent an absent or weak trend. A value of 25-50 would indicate a strong trend. A value of 50-75 would indicate a very strong trend, and a value of 75-100 would signify an extremely strong trend.