THE VULCAN REPORT
Review of Pennsylvania Real Estate Invt SH BEN INT (PEI)
as of Monday, May 03, 2010
Swing Index
1st PulseWave BreakOut 16.02 17.72
,Hold longs,
1st PulseWave BreakDown 15.07 15.52
,,
CHART PATTERNS
A big white candle occurred. This is generally considered bullish, as prices closed significantly higher than they opened. If the candle appears when prices are "low," it may be the first sign of a bottom. If it occurs when prices are rebounding off of a support area (e.g., a moving average, trend line, or retracement level), the long white candle adds credibility to the support. Similarly, if the candle appears during a breakout above a resistance area, the long white candle adds credibility to the breakout.
During the past 10 bars, there have been 7 white "UP" candles and 2 black "DOWN" candles for a net of 5 white candles.
During the past 50 bars, there have been 33 white "UP" candles and 16 black "DOWN" candles for a net of 17 white candles.
Three white candles occurred in the last three days. Although these candles were not big enough to create three white soldiers, the steady upward pattern is bullish.
PulseScan Swing Vix
Currently The Market Pulse is positive since it is trading above its signal line.The PulseScan crossed below the Swing Vix 4 period(s) ago.
PulseScan LONG ENTRY : 23.34 BREAK OUT 16.31 Profit Target 19.54 Stop Loss 15.52
,Hold longs,
Swing Vix SHORT ENTRY : 23.73 BREAK DOWN 14.91 Profit Target 13.70 Stop Loss 17.72
,,
The Trend Channel is DOWN! (i.e. "Negative Swing Vix") This means that negative momentum is entering the market. Expect sideways to lower prices within the next 3-5 days
,
The Swing Vix is not currently in a topping (above 39) or bottoming (below -39) range. A buy or sell signal is generated when the Swing Vix moves out of an overbought/oversold area. The last signal was a Over-Bought Sell 38 period(s) Ago.
The Swing Vix has just reached its lowest value in the last 14 period(s). This is bearish.
The security price has set a new 14-period high while the Swing Vix has not. This is a bearish divergence.The Swing Vix has set a new 14-period low while the security price has not. This is a bearish divergence.
Since the Swing Vix crossed its moving average, Pennsylvania Real Estate Invt SH BEN INT's price has increased 7.92% , and has ranged from a high of 17.350 to a low of 14.910.
MARKET TREND
Currently the TREND is VERY-BULLISH- Up.
The current market condition for Pennsylvania Real Estate Invt SH BEN INT is:
Very Bullish\
The close is currently Above it's 264 Long Term period moving average. 10.61
The close is currently Above it's 40 Intermediate Term period moving average. 12.72
The close is currently Above it's 10 Short Term period moving average. 14.67
Volatility
On 5/3/2010, Pennsylvania Real Estate Invt SH BEN INT closed above the upper band by 4.0%. This combined with the steep uptrend suggests that the upward trend in prices has a good chance of continuing. However, a short-term pull-back inside the bands is likely. 71.07% wider than normal. The large width of the bands suggest high volatility as compared to Pennsylvania Real Estate Invt SH BEN INT's normal range. Therefore, the probability of volatility decreasing and prices entering (or remaining in) a trading range has increased for the near-term. The bands have been in this wide range for 17 period(s). The probability of prices consolidating into a less volatile trading range increases the longer the bands remain in this wide range.
This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. The Vulcan Report accepts no liability whatsoever for any loss arising from any use of this expert or its contents.liability whatsoever for any loss arising from any use of this expert or its contents.
