SARA has some very positive technical indicators for stock assessment.
Currently (SARA) has a 14-day Commodity Channel Index (CCI) of -53.1. The CCI technical indicator can be used to help determine if a stock is overbought or oversold. CCI may also be used to help discover 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.
We can also do some further technical analysis on the stock. , the 14-day ADX for Saratoga Resources Inc. (SARA) is 31.17. Many technical chart analysts believe that an ADX value over 25 would suggest a strong trend. A reading under 20 would indicate no trend, and a reading from 20-25 would suggest that there is no clear trend signal. The ADX is typically plotted along with two other directional movement indicator lines, the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI). Some analysts believe that the ADX is one of the best trend strength indicators available.
Also the Williams Percent Range or Williams %R. Williams %R is a popular technical indicator created by Larry Williams to help identify overbought and oversold situations.
Investors will commonly use Williams %R in conjunction with other trend indicators to help spot possible stock turning points.
SARA[color=red][/color] Williams Percent Range or 14 day Williams %R currently sits at -89.82. In general, if the indicator goes above -20, the stock may be considered overbought. Alternately, if the indicator goes below -80, this may point to the stock being oversold.
