DIN Newsletter for July 21, 2016

This article was originally published on this site

Stock Of The Day: Buy or Sell?

AbbVie (ABBV) is a Buy

Chart for ABBV

Risk levels may be somewhat lower than normal.


CHARTS OF THE DAY

Harbinger Group Inc. [HRG]

Chart for HRG

HRG share price is $14.07, which is 3% above its 21-day moving average of $13.72.

HRG share price is $14.07, which is 4% above its 50-day moving average of $13.49.

HRG share price is $14.07, which is 10% above its 200-day moving average of $12.85.


Bar Harbor Bankshares [BHB]

Chart for BHB

BHB share price is $37.56, which is 7% above its 21-day moving average of $35.20.

BHB share price is $37.56, which is 10% above its 50-day moving average of $34.25.

BHB share price is $37.56, which is 16% above its 200-day moving average of $32.28.


National Commerce Corp [NCOM]

Chart for NCOM

NCOM share price is $24.00, which is 2% above its 21-day moving average of $23.64.

NCOM share price is $24.00, which is 2% above its 50-day moving average of $23.55.

NCOM share price is $24.00, which is 1% above its 200-day moving average of $23.78.



Economic Indicators

Total Market Cap / GDP

Chart for Total Market Cap / GDP

The ratio of the Total Market Capitalization (Wilshire 5000) to United States GDP is 1.2288. This is 41.8% above the historic median figure of 0.87.

The higher the Market Cap/GDP figure is relative to its median level, the higher the perceived risk in the market. Markets can remain overvalued for extended time periods.


S&P Earnings Growth

Chart for S&P Earnings Growth

The S&P Earnings Growth is -15.42. This is 231.2% below the historic median figure of 11.75.

When the S&P Earnings Growth trends lower, the stock market is perceived to have higher risk.


Sentiment

VIX

Chart for VIX

The VIX figure is 11.97. This is 32.5% below the historic median figure of 17.75.

The CBOE Volatility Index® (VIX®) is a key measure of market expectations of near-term volatility conveyed by S&P 500 stock index option prices. Historically, VIX levels above 50 correlate closely with periods of stock market panic while VIX levels below 20 are more typical during relatively calm periods in the market.

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