Hull MA Watch for Cantel Medical Corp. (:CMD): Current Reading at 83.15035

Investors will be closely tracking the equity market as we charge through the last couple of months of the year. They may be doing a review of the portfolio to see what moves have worked and which ones haven’t. Reviewing specific holdings and past entry and exit points may help the investor develop new ideas to trade on in the future. Staying on top of market happenings and the economic landscape can be a challenge. Investors will be closely following the action over the next quarter to help gauge whether the bulls will stay out front, or if the bears will take the lead.  

Tracking the Hull Moving Average for Cantel Medical Corp. (:CMD), we note that the current level is 83.15035. The Hull Moving Average was introduced by Alan Hull. Swing traders often use this indicator in combination with other signals in order to help identify possible entry and exit spots.

Expanding the technical focus for Cantel Medical Corp. (:CMD), we see that the Keltner Channels 20 day upper band is 81.96948, and the 20 day lower band is80.16392. The Keltner Channels indicator is similar to Bollinger Bands and Moving Average Envelopes.

There are multiple moving average indicators that traders may rely on when conducting stock research. One of the most popular is the Simple Moving Average. The SMA is unweighted, meaning that each period in the set of data is weighted equally. Looking at some SMA levels, we can see that the 10 day is 81.08, the 20 day is 81.268, and the 30 day is 80.640335. Tracking some other time periods, we note that the 50 day SMA is 79.7142 , the 100 day is 78.28115 , and the 200 day SMA is currently 82.36513.

Many traders will look to optimize stock trades by using various technical indicators. The Ichimoku Cloud indicator is highly flexible and is commonly used in conjunction with the RSI to help confirm momentum and overall trends. Let’s focus on a few different Ichimoku readings:

Ichimoku Cloud Base Line: 80.74
Ichimoku Cloud Conversion Line: 81.0525
Ichimoku Lead 1: 77.97
Ichimoku Lead 2: 75.135

Traders focusing on technical analysis may be interested in following the Awesome Oscillator level. Currently, the reading is 1.9563824. Typically, when the Awesome Oscillator moves above the zero line, this would indicate that the short term momentum is rising quicker than the long term momentum. A cross below the zero line would indicate that short term momentum is dropping faster than the long term momentum.

Traders following shares of Cantel Medical Corp. (:CMD) may have noted that the stock most recently closed at 82.485. Going back a full-year, the stock has seen a change of -26.701014 over that stretch. Taking the focus in to more recent action, shares have seen a move of 2.8671155 over the last week. Over the prior month, the stock has moved 4.442476. Over the past three months, the stock has moved -0.7815318.

Tracking some one month stock pivot points, we note that the Classic Pivot is 80.55666, the Classic resistance 1 is 82.56333, and the Classic support 1 is presently 78.02333. The Fibonacci one month pivot is 80.55666 while the Fibonacci support 1 pivot is 78.82239, and the Fibonacci support 2 is 77.750946. Looking at one month Woodie pivot, we note the level at 80.485. The Woodie support 1 pivot is 77.88, and the Woodie resistance 1 pivot is 82.42.

Investors may be looking for the next positive catalyst to create a solid breakout. Some may be wondering when the party will end, and it remains to be seen if excess and profit-taking rotation may create any pullbacks in the upcoming quarter. Investors may have to make a decision whether to ease-up or stay aggressive. Investors may also be closely watching winners and losers, especially in the technology sector. Understanding and researching the space may be highly important when managing the investment portfolio. The key for investors will be to try and locate the winners in the space and find the companies that are either creating new technology or adapting to it rapidly.