Are The Mass Index Levels for Finisar Corp (FNSR) Sending Investors Overboard?

The Mass Index Volatility reading for Finisar Corp (FNSR) has dropped below 26.5, indicating a potential move is ahead for the shares. The Mass …

The Mass Index Volatility reading for Finisar Corp (FNSR) has dropped below 26.5, indicating a potential move is ahead for the shares. The Mass Index is a volatility indicator developed by Donald Dorsey and discussed in the June 1992 issue of Technical Analysis of Stocks & Commodities. By analyzing the narrowing and widening of trading ranges, the indicator identifies potential reversals based on market patterns that aren’t often considered by technical analysts largely focused on singular price and volume movements. The Mass Index indicator uses the difference between the high and low in a given interval to spot potential price reversals. The main assumption is that prices tend to reverse when ranges widen beyond historical averages. Since this difference is constantly changing (ranges are always widening and narrowing), traders can use the Mass Index to generate trade signals, which occur when the index line (typically 25 periods) moves above 27 and then drops below 26.5.

When dealing with the equity markets, investors are often tasked with trying to find stocks that are bound for glory. Every investor dreams of finding those stocks that were overlooked but are poised to pick up momentum. New investors are often instructed to set goals before starting to invest. Creating attainable, realistic goals can be a good starting point before digging into the investment trenches. After setting up goals considering financial status, objectives, timeframes and risk appetite, the next step may involve creating an actionable plan. Once the plan is in place, it may be extremely important to routinely monitor the performance of the portfolio. There are often many well crafted investment plans that for whatever reason don’t seem to be working out properly. Being able to evaluate and adjust the plan based on market activity may end up being the difference between a winning or losing portfolio. Being able to adapt to the fast paced and often times tumultuous market landscape can be a gigantic benefit for long-term portfolio health.

Investors and traders continue to monitor technical levels of shares of Finisar Corp (FNSR). A frequently used tool among technical stock analysts is the moving average. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a certain period of time. Moving averages can be very helpful for identifying peaks and troughs. They may also be used to assist the trader figure out proper support and resistance levels for the stock. Currently, the 200-day MA is sitting at 21.00, and the 50-day is 23.90.

The 14-day ADX for Finisar Corp (FNSR) is currently at 16.61. In general, and ADX value from 0-25 would represent an absent or weak trend. A value of 25-50 would support a strong trend. A value of 50-75 would signify a very strong trend, and a value of 75-100 would point to an extremely strong trend. Checking in on some other technical levels, the 14-day RSI is currently at 51.93, the 7-day stands at 51.17, and the 3-day is sitting at 53.04. The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of stock price movements. The RSI was developed by J. Welles Wilder, and it oscillates between 0 and 100. Generally, the RSI is considered to be oversold when it falls below 30 and overbought when it heads above 70. RSI can be used to detect general trends as well as finding divergences and failure swings.

At the time of writing, Finisar Corp (FNSR) has a 14-day Commodity Channel Index (CCI) of -30.09. Developed by Donald Lambert, the CCI is a versatile tool that may be used to help spot an emerging trend or provide warning of extreme conditions. CCI generally measures the current price relative to the average price level over a specific time period. CCI is relatively high when prices are much higher than average, and relatively low when prices are much lower than the average. Investors may be watching other technical indicators such as the Williams Percent Range or Williams %R. The Williams %R is a momentum indicator that helps measure oversold and overbought levels. This indicator compares the closing price of a stock in relation to the highs and lows over a certain time period. A common look back period is 14 days. Finisar Corp (FNSR)’s Williams %R presently stands at -43.75. The Williams %R oscillates in a range from 0 to -100. A reading between 0 and -20 would indicate an overbought situation. A reading from -80 to -100 would indicate an oversold situation.

Investors are constantly trying to make smarter decisions when it comes to dealing with the stock market. There are so many choices out there that it may become completely overwhelming at first. Starting with a baseline approach can help ease the burden of too much information. Developing the proper investment knowledge may take a lot of time and effort. Many investors may find out the hard way that shortcuts are not the answer to achieving long-term success in the stock market. Many people may occasionally get lucky and think they can do no wrong. Over time, this type of investor may see profits start to shrink and losses start to pile up. Many investors are bombarded with hot investment tips. It can be very tempting to take advice from someone who has actually made money in the markets previously. However, the old adage remains the same; past results may not indicate future results. Thinking that something that has worked in the past will no doubt work in the future can be a recipe for portfolio disaster. Individual investors who do their own thorough research should be much better positioned to make the proper decisions when the time comes.

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Turning Attention Towards Finisar Corp (FNSR)’s Technicals

Finisar Corp (FNSR) shares are on chartist’s watch as the stock is edging below the MACD Histogram zero line. Current levels place the share price …

Finisar Corp (FNSR) shares are on chartist’s watch as the stock is edging below the MACD Histogram zero line. Current levels place the share price around 23.80, while the MACD indicates a bearish trend.

The MACD-Histogram is an indicator of an indicator. In fact, MACD is also an indicator of an indicator. This means that the MACD-Histogram is four steps removed from the price of the underlying security. In other words, it is the fourth derivative of price.

  • First derivative: 12-day EMA and 26-day EMA
  • Second derivative: MACD (12-day EMA less the 26-day EMA)
  • Third derivative: MACD signal line (9-day EMA of MACD)
  • Fourth derivative: MACD-Histogram (MACD less MACD signal line)

The base for this indicator is the security’s price. It takes four steps to get from the actual price to the MACD-Histogram. Chartists should keep this in mind when analyzing the MACD-Histogram. It is an indicator of an indicator. Therefore, it is designed to anticipate signals in MACD, which in turn is designed to identify changes in the price momentum of the underlying security.

Investors who are new to picking stocks may find themselves tempted to buy shares that have been recently rising the most. Although the traditional advice is to buy low and sell high, novice investors often do just the opposite. Buying a particular stock just because it has been rising recently may end up leaving the investor shaking their head down the road. Expecting that a stock will continue to ride the wave higher can lead to disappointment when momentum suddenly shifts. Studying the fundamentals of a certain company can help the investor gauge if the stock is a worthy buy at current levels.

Investors may also be looking to gain an edge by following the current technical levels for Finisar Corp (FNSR). In terms of Moving Averages, the 50-day is 23.89, the 200-day is at 20.93, and the 7-day is 23.93. Using a longer term moving average such as the 200-day may help block out the noise and chaos that is sometimes created by daily price fluctuations. In some cases, MA’s may be used as strong reference points for finding support and resistance levels. Employing the use of the moving average for technical equity analysis is still highly popular among traders and investors. The moving average can be used as a reference point to assist with the discovery of buying and selling opportunities.

Finisar Corp (FNSR)’s Williams Percent Range or 14 day Williams %R currently sits at -71.88. The Williams %R oscillates in a range from 0 to -100. A reading between 0 and -20 would point to an overbought situation. A reading from -80 to -100 would signal an oversold situation. The Williams %R was developed by Larry Williams. This is a momentum indicator that is the inverse of the Fast Stochastic Oscillator.

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Finisar Corp (FNSR) currently has a 14-day Commodity Channel Index (CCI) of -119.34. Active investors may choose to use this technical indicator as a stock evaluation tool. Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend. On the flip side, a reading below -100 may signal a downtrend reflecting weak price action. Using the CCI as a leading indicator, technical analysts may use a +100 reading as an overbought signal and a -100 reading as an oversold indicator, suggesting a trend reversal.

Currently, the 14-day ADX for Finisar Corp (FNSR) is sitting at 17.02. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A value of 25-50 would support a strong trend. A value of 50-75 would identify a very strong trend, and a value of 75-100 would lead to an extremely strong trend. ADX is used to gauge trend strength but not trend direction. Traders often add the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to identify the direction of a trend.

The RSI, or Relative Strength Index, is a widely used technical momentum indicator that compares price movement over time. The RSI was created by J. Welles Wilder who was striving to measure whether or not a stock was overbought or oversold. The RSI may be useful for spotting abnormal price activity and volatility. The RSI oscillates on a scale from 0 to 100. The normal reading of a stock will fall in the range of 30 to 70. A reading over 70 would indicate that the stock is overbought, and possibly overvalued. A reading under 30 may indicate that the stock is oversold, and possibly undervalued. After a recent check, the 14-day RSI is currently at 47.43, the 7-day stands at 42.93, and the 3-day is sitting at 44.86.

When examining current stock market levels, investors who have been staying on the sidelines may be wondering if now is a good time to get back into the ring. Nobody can say for sure if momentum will continue to push to the upside, and investors may be overly cautious at this stage. Studying company financials and paying attention to pertinent economic data can help the investor make more educated decisions when it comes to the stock market. It is obviously very hard for a new investor to become highly successful in the stock market right out of the gate. Doing all the homework and dedicating the proper amount of time can help the investor get on the right track to accumulating profits down the road.

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Sizzling Stock Alert: Finisar Corp (NASDAQ:FNSR)

Finisar Corp (NASDAQ:FNSR) closed at the price of $23.54. The stock has a market capitalization of $2.78 Billion however its outstanding shares are …

Finisar Corp (NASDAQ:FNSR) closed at the price of $23.54. The stock has a market capitalization of $2.78 Billion however its outstanding shares are 118.15 Million. The company’s beta value stood at 1.39.

Finisar Corp (NASDAQ:FNSR) has an ABR of 2.75 which is the combined stock view of 8 analysts poll results. As per Zacks simplified descending rating scale the ABR rank is displayed in the range of 1 to 5 where 1 represents Strong Buy and 5 a Strong Sell. As the name implies that ABR will show you the Average of Brokerage Recommendations on a given stock. It helps you quickly get a picture of where Wall Street stands on a stock without reading huge research reports. The smaller number of ABR is the more favorable. The modest value of the stock is known as the current ABR of the stock.

However out of 8 analysts 1 suggest Finisar Corp (NASDAQ:FNSR) a Strong Buy, 0 suggested Buy, 10 Hold and 0 Sell, while 0 analysts recommend the stock a Strong Sell.

Analysts are expecting average earnings estimates of $0.26 for the current quarter based on the opinion of 10 analysts, relating to high earnings per share estimates of $0.28 and low estimates of $0.21, however Finisar Corp (NASDAQ:FNSR) reported $0.05 earnings per share for the same quarter last year.

For the current quarter Finisar Corp (NASDAQ:FNSR) has average revenue estimates of $327.38 Million, a total number of 9 analysts provided estimations over revenues. However the low revenue estimates for the company are $320 Million versus high revenue estimates of $349.2 Million. A year ago the company’s sales were $310070 while its sales growth yearly estimates for the current quarter are 5.6%.

Taking a broader look at the analyst consensus, brokerage firms have a price target of $24.55 on Finisar Corp (NASDAQ:FNSR). Brokerage firms on the street have price targets on the name ranging from $22 to $26 based on 10 opinions.

Finisar Corp (NASDAQ:FNSR) as of current trade, has shown weekly performance of -3.37% which was maintained at -0.8% in one month period. Year to date performance remained at 8.98%. During the past three months the stock gain 8.78%, however six months performance of the stock remained at 44.24%. Finisar Corp (NASDAQ:FNSR)’s price sits -1.49% off from its SMA 50 of $23.81 and 12.62% away from the SMA 200 which is at $22.05.

Currently Finisar Corp (NASDAQ:FNSR)’s shares owned by insiders are 0.5%, whereas shares owned by institutional owners are 93.5%. However the six-month change in the insider ownership was recorded -10.82%, as well as three-month change in the institutional ownership was recorded -3.32%.

The stock is trading -4.97% away from its 52 week high of $24.77 and 48.89% far from the stock’s low point over the past 52 weeks, which was $15.81.

The price-earnings ratio (P/E ratio) is the ratio for valuing a company that measures its current share price relative to its per-share earnings. Finisar Corp (NASDAQ:FNSR)’s price to earnings ratio stood at 0. A high P/E suggests that investors are expecting higher earnings growth in the future compared to companies with a lower P/E. A low P/E can indicate either that a company may currently be undervalued or that the company is doing exceptionally well relative to its past trends.

The PEG ratio is used to determine a stock’s value while taking the company’s earnings growth into account, and is considered to provide a more complete picture than the P/E. Finisar Corp (NASDAQ:FNSR) has a current PEG of 0. Finisar Corp (NASDAQ:FNSR)’s price to sales ratio for trailing twelve month stands at 2.17, whereas its price to book ratio for the most recent quarters is at 1.71. However the company’s price to cash per share for most recent quarter stands at 7.71. Its price to free cash flow for trailing twelve months is 3.05.

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Citigroup Raised Its Stake in Finisar (Put) (FNSR) as Stock Value Rose; Visa (V) Holder …

Citigroup Inc increased its stake in Finisar Corp (Put) (FNSR) by 228.94% based on its latest 2018Q4 regulatory filing with the SEC. Citigroup Inc …

Visa Inc. (NYSE:V) Logo

Citigroup Inc increased its stake in Finisar Corp (Put) (FNSR) by 228.94% based on its latest 2018Q4 regulatory filing with the SEC. Citigroup Inc bought 62,500 shares as the company’s stock rose 6.38% with the market. The institutional investor held 89,800 shares of the semiconductors company at the end of 2018Q4, valued at $1.94 million, up from 27,300 at the end of the previous reported quarter. Citigroup Inc who had been investing in Finisar Corp (Put) for a number of months, seems to be bullish on the $2.80 billion market cap company. The stock increased 0.91% or $0.21 during the last trading session, reaching $23.75. About 717,099 shares traded. Finisar Corporation (NASDAQ:FNSR) has risen 37.56% since May 2, 2018 and is uptrending. It has outperformed by 33.19% the S&P500. Some Historical FNSR News: 15/03/2018 – Finisar Closes Below 50-Day Moving Average: Technicals; 05/04/2018 – Jon Najarian: rumor earlier in the week about a deal with sensor for $AAPL, today $MS raised $FNSR to Overweight from Equal; 15/05/2018 – ENGAGED CAPITAL ADDED FNSR, PETX IN 1Q: 13F; 09/05/2018 – Finisar Short-Interest Ratio Rises 66% to 10 Days; 08/03/2018 – Finisar 3Q Rev $332.4M; 16/04/2018 – U.S. bans American companies from selling to Chinese phone maker ZTE; 08/03/2018 – Finisar Sees 4Q Adj EPS 9c-Adj EPS 15c; 16/04/2018 – Yusuf Hameed, MD: $ACIA $LITE $FNSR Exclusive: U.S. bans American companies from selling to China’s ZTE; 27/04/2018 – Global Fiber Optical Coupler Market to 2022 – Dominated by Corning, Finisar, Fujikura, Furukawa Electric, and Sumitomo Electric – ResearchAndMarkets.com; 08/03/2018 – Finisar 3Q Loss/Shr 49c

Sustainable Growth Advisers Lp decreased its stake in Visa Inc (V) by 2.39% based on its latest 2018Q4 regulatory filing with the SEC. Sustainable Growth Advisers Lp sold 73,259 shares as the company’s stock rose 4.65% with the market. The institutional investor held 2.99M shares of the business services company at the end of 2018Q4, valued at $394.34 million, down from 3.06 million at the end of the previous reported quarter. Sustainable Growth Advisers Lp who had been investing in Visa Inc for a number of months, seems to be less bullish one the $352.26 billion market cap company. The stock decreased 0.98% or $1.6 during the last trading session, reaching $161.19. About 3.56 million shares traded. Visa Inc. (NYSE:V) has risen 22.89% since May 2, 2018 and is uptrending. It has outperformed by 18.52% the S&P500. Some Historical V News: 24/04/2018 – Visa Presenting at Conference May 15; 09/05/2018 – Women Execs at Visa Expected to Complain of ‘Bro’ Culture, Unequal Opportunity; 30/05/2018 – Visa doubts hang over Turkish entrepreneurs; 09/05/2018 – EMIRATES CHAIRMAN SAYS LIBERAL UAE VISA POLICY HELPED AIRLINE; 13/04/2018 – VFS Global Launches One-stop Visa Centres for Malaysia in Riyadh and Jeddah in KSA; 10/05/2018 – Visa Returns Zlatan lbrahimović to the 2018 FIFA World Cup Russia™; 26/04/2018 – Former Visa AP President and UnionPay Executive David Lee Joins Red Dot Payment; 25/04/2018 – Visa’s Profit Rises Sixfold as Card Spending Growth Continues; 25/04/2018 – VISA INC – INCREASED FISCAL FULL-YEAR 2018 OUTLOOK BASED ON STRONG PERFORMANCE IN THE FIRST HALF; 28/05/2018 – Russian Oligarch, After Visa Troubles in Britain, Surfaces in Israel

Investors sentiment decreased to 1 in 2018 Q4. Its down 0.06, from 1.06 in 2018Q3. It fall, as 35 investors sold FNSR shares while 60 reduced holdings. 41 funds opened positions while 54 raised stakes. 105.10 million shares or 5.12% less from 110.77 million shares in 2018Q3 were reported. Paloma Prtnrs Management holds 0.02% of its portfolio in Finisar Corporation (NASDAQ:FNSR) for 37,779 shares. Focused Wealth accumulated 62 shares. Amer Gp has invested 0.01% in Finisar Corporation (NASDAQ:FNSR). Swiss Retail Bank accumulated 0.01% or 207,200 shares. Bnp Paribas Arbitrage Sa owns 54,924 shares or 0% of their US portfolio. Legal And General Public Limited Co stated it has 306,977 shares. Invesco Limited accumulated 0.01% or 675,138 shares. 1492 Capital Mgmt holds 71,435 shares. Piedmont Inv Advisors has 0.03% invested in Finisar Corporation (NASDAQ:FNSR) for 27,936 shares. Franklin holds 0.05% or 3.56M shares. Morgan Stanley holds 0.01% of its portfolio in Finisar Corporation (NASDAQ:FNSR) for 2.28M shares. Everence Cap Mngmt invested in 0.08% or 15,710 shares. 402,700 are owned by Public Sector Pension Invest Board. Raymond James Financial Svcs Advsrs Inc owns 10,225 shares. Magnetar Financial Lc accumulated 5.82M shares or 3.09% of the stock.

More notable recent Finisar Corporation (NASDAQ:FNSR) news were published by: Seekingalpha.com which released: “Finisar To Merge With II-VI To Reduce Competition And Improve Margins – Seeking Alpha” on March 28, 2019, also Nasdaq.com with their article: “II-VI Stays Laser Focused on Growth – Nasdaq” published on May 01, 2019, Nasdaq.com published: “Finisar’s (FNSR) Q3 Earnings Beat, Revenues Decline Y/Y – Nasdaq” on March 01, 2019. More interesting news about Finisar Corporation (NASDAQ:FNSR) were released by: Finance.Yahoo.com and their article: “Here’s What Hedge Fund Think About Finisar Corporation (FNSR) – Yahoo Finance” published on April 29, 2019 as well as Fool.com‘s news article titled: “Will Finisar Finally Hit a Higher Gear? – The Motley Fool” with publication date: July 17, 2018.

Since December 15, 2018, it had 0 insider purchases, and 1 sale for $32,367 activity.

Citigroup Inc, which manages about $98.73B US Long portfolio, decreased its stake in First Tr Exchange (FPE) by 21,125 shares to 24,709 shares, valued at $444,000 in 2018Q4, according to the filing. It also reduced its holding in Align Technology Inc (NASDAQ:ALGN) by 10,103 shares in the quarter, leaving it with 62,497 shares, and cut its stake in Noble Energy Inc (Put) (NYSE:NBL).

More notable recent Visa Inc. (NYSE:V) news were published by: Investorplace.com which released: “Is Visa Stock Still a Long-Term Buy After 30%+ Run? – Investorplace.com” on April 10, 2019, also Investorplace.com with their article: “The Bull Thesis for Square Stock Is Still Intact After Disappointing Earnings – Investorplace.com” published on May 02, 2019, Seekingalpha.com published: “Visa Q1 revenue driven by payments volume, processed transactions – Seeking Alpha” on April 24, 2019. More interesting news about Visa Inc. (NYSE:V) were released by: Finance.Yahoo.com and their article: “3 Warren Buffett Stocks to Buy in May – Yahoo Finance” published on April 30, 2019 as well as Benzinga.com‘s news article titled: “10 Biggest Price Target Changes For Thursday – Benzinga” with publication date: May 02, 2019.

Investors sentiment increased to 1 in Q4 2018. Its up 0.03, from 0.97 in 2018Q3. It increased, as 75 investors sold V shares while 627 reduced holdings. 152 funds opened positions while 552 raised stakes. 1.62 billion shares or 5.17% more from 1.54 billion shares in 2018Q3 were reported. Stratos Wealth accumulated 29,369 shares. 122,040 are held by Shelter Mutual Insur Communications. New York-based Hudson Bay Mngmt Ltd Partnership has invested 0.48% in Visa Inc. (NYSE:V). Davis Capital Prtnrs Ltd Com accumulated 400,000 shares or 5.33% of the stock. Voloridge Inv Mgmt Ltd Llc holds 2,940 shares or 0.02% of its portfolio. Cullen Frost Bankers accumulated 427,772 shares. Oppenheimer Asset Inc reported 230,273 shares or 0.75% of all its holdings. Rbf Capital Ltd Liability holds 1.64% or 95,000 shares. Nordea Inv Ab stated it has 1.01% in Visa Inc. (NYSE:V). Carnegie Asset Mgmt Ltd Liability Co owns 75,129 shares for 0.92% of their portfolio. Sumitomo Mitsui Inc owns 7.19 million shares. Berkshire Asset Mngmt Limited Liability Pa holds 0.06% of its portfolio in Visa Inc. (NYSE:V) for 5,127 shares. Confluence Wealth Management Ltd reported 6,783 shares stake. Personal Capital holds 0.31% in Visa Inc. (NYSE:V) or 177,795 shares. Valley National Advisers stated it has 0.01% in Visa Inc. (NYSE:V).

Since November 19, 2018, it had 0 insider buys, and 4 selling transactions for $14.16 million activity. 2,252 shares valued at $325,541 were sold by HOFFMEISTER JAMES H on Monday, December 3. $11.34M worth of Visa Inc. (NYSE:V) was sold by RICHEY ELLEN on Thursday, February 7.

Visa Inc. (NYSE:V) Institutional Positions Chart

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Finisar Corp (FNSR): Chaikin Oscillator Reading Over Zero on These Shares

Tracking the numbers for Finisar Corp (FNSR), we can now see that the Chaikin Oscillator reading is above zero. Tracking this signal, traders may be …

Tracking the numbers for Finisar Corp (FNSR), we can now see that the Chaikin Oscillator reading is above zero. Tracking this signal, traders may be looking for signs of a possible bullish trend developing.

When certain portfolio stocks are performing poorly, investors may be prone to chase higher return stocks or move into safer stocks. As most investors know, short-term results have the ability to be somewhat misleading. Deviating from a well-crafted plan based on short-term market fluctuations can lead to portfolio trouble in the future. Having the proper mix of stocks in the portfolio may also be beneficial to longer-term performance. Pinpointing overall investment goals and regularly reviewing portfolio positions can help the investor stay on track.

A commonly used tool among technical stock analysts is the moving average. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a certain period of time. Moving averages can be very helpful for identifying peaks and troughs. They may also be used to assist the trader figure out proper support and resistance levels for the stock. Currently, the 200-day MA is sitting at 20.88.

Currently, the 14-day ADX for Finisar Corp (FNSR) is sitting at 17.05. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A value of 25-50 would support a strong trend. A value of 50-75 would identify a very strong trend, and a value of 75-100 would lead to an extremely strong trend. ADX is used to gauge trend strength but not trend direction. Traders often add the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to identify the direction of a trend.

Investors and Traders using technical analysis to review stocks may be focusing on the ATR or Average True Range. Currently, Finisar Corp (FNSR) has a 14-day ATR of 0.32. The Average True Range is an investor tool used to measure stock volatility. The ATR is not used to figure out price direction, just to measure volatility. The ATR is an indicator developed by J. Welles Wilder. Wilder has developed multiple indicators that are still quite popular in today’s investing landscape. The general interpretation of the ATR is the higher the ATR value, the higher the volatility.

Taking a closer look from a technical standpoint, Finisar Corp (FNSR) presently has a 14-day Commodity Channel Index (CCI) of -86.12. Typically, the CCI oscillates above and below a zero line. Normal oscillations tend to stay in the range of -100 to +100. A CCI reading of +100 may represent overbought conditions, while readings near -100 may indicate oversold territory. Although the CCI indicator was developed for commodities, it has become a popular tool for equity evaluation as well.

Some investors may find the Williams Percent Range or Williams %R as a helpful technical indicator. Presently, Finisar Corp (FNSR)’s Williams Percent Range or 14 day Williams %R is resting at -45.24. Values can range from 0 to -100. A reading between -80 to -100 may be typically viewed as strong oversold territory. A value between 0 to -20 would represent a strong overbought condition. As a momentum indicator, the Williams R% may be used with other technicals to help define a specific trend.

The direction of stock market moves in the short-term are highly unpredictable. Many investors will be tempted to ride the wave whether the trend is buying or selling. Fearful investors may make hasty decisions such as panic buying or selling. Investors may feel compelled to buy stocks after a major run higher. This can be related to the fear or missing out. On the other end, investors may be quick to sell quality stocks when the market is in the midst of a broad sell-off. This behavior often translates into falling into the trap of buying high and selling low.

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