ClearOne, Inc. Stock Rating as of Wednesday, June 22, 2016
(Stock Price as of Publication: $11.4399)
CLRO is down -1.9% over the last three months and down -10.6% over the last six months. The stock has returned -14.1% over the last year. The current stock price is $11.4399.
This is a momentum stock rating analysis for ClearOne, Inc. (NasdaqCM:CLRO) . The company has a four bull momentum rating which indicates some strength. The risk here is a potentially overbought situation, but for now, the stock price is moving slightly higher and does have room to rise before it hits an overbought momentum rating of five bulls.
The technical momentum rating goes from one, the weakest upside technical momentum, to five, the highest upside technical momentum and focuses on the real-time stock price relative to various moving averages as well as moving averages relative to each other. Also note the publication price, since the technical momentum rating is based on intraday stock prices.
Technical Momentum Death Cross Alert: The 50 day moving average is now below the 200 day moving average.
Technical Momentum Swing Golden Cross Alert: The short-term 10 day moving average is now above the 50 day moving average.
ClearOne, Inc. has a four bull (momentum strength) technical rating because it’s trading above its 10- and 50 day simple moving averages, but below its 200- day moving average. The stock is up 1.60% on the day the day,and the 10 day moving average is above the 50 day moving average (“swing golden cross”) which helps the technical rating.
The general theory behind technical momentum ratings follows the line of thought that as stock prices rise or fall abruptly, they appear on various scan results and that creates a reinforcing trend for the stock price in a direction. It’s a mix of art and science, but for the technically focused momentum trader it can be a powerful input to the overall analysis.
ClearOne, Inc. (NasdaqCM:CLRO) Technical Momentum Stock Rating Stats:
10-day moving average: $11.1
50-day moving average: $11.0
200-day moving average: $11.8