A new Market Call is posted
every market day.
AT&T
Corp, (T)
Market Call™ for September 15, 1998
Contributed by Mark Seleznov, TrendTrader.com.
The purpose of this Market Call section is to educate
readers in technical analysis patterns and indicators. As
with all investment information, you need to research
information and consult your financial advisor before
initiating any strategies that are contained in Market
Call.
Also, you must realize that as with all trading
strategies, opinions can change quickly depending on
market conditions and developments.
MACD Indicator
AT&T, T, has now moved back above its 50 day moving
average. T has moved from negative momentum to positive
momentum. It has also given a Buy signal on the MACD
indicator.
Gerald Appel developed the MACD indicator. The indicator
is the difference between a 12 period and a 26 period
exponential moving average. The signal line is a 9 period
moving average of this indicator. The MACD can be used in
a number of ways. I like to wait for the MACD line (see
black line below) to start moving up and cross the signal
(see red line below) line.
The MACD indicator can be a good trend following method,
especially when combined with other indicators. I find
that the best signals are from very overbought or very
oversold levels in a stock.
I would Buy T at this level. There is some resistance at
58 and at 60 on the chart. Therefore, as always it is
important to use a stop with all trades. I would place my
stop at 55.
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Mark A. Seleznov is a General Securities Principal and Managing Partner of Trend Trader, LLC, a NASD, SIPC broker/dealer firm located in Scottsdale, Arizona. A professional trader for over 25 years, Mark was a Market Maker on the Philadelphia Stock Exchange, a Retail Registered Representative, and futures trader. Mark is an author and recognized expert in equity Day Trading. He conducts seminars in Equity Day Trading and offers his firm traders training and support. Mark writes articles for market publications and Internet sites that focus on trading.
Market Calls is a daily syndicated column on trading by Mark A. Seleznov, Managing Partner of Trend Trader, LLC. For information on obtaining Market Calls for your web site, newspapers, or publication, contact Trend Trader, LLC at 602-948-1146
Disclaimer: Trading in securities may not be suitable for all individuals. Consult your broker or other professional to determine your suitability. This is not an offer to buy or sell securities. The advice given above is of a general nature and should not be taken as a recommendation to buy or sell the referenced security.
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