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EMC Trades below Moving Averages in January 2016

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Jan. 24 2016, Updated 11:04 a.m. ET

Shareholder returns and stock trends

EMC (EMC) generated investor returns of -15.1% in the trailing-12-month period and -5.9% in the trailing-one-month period. In comparison, it generated returns of -14% in 2015. The company’s share price fell 4.4% in the trailing-five-day period.

In comparison, Apple (AAPL), SanDisk (SNDK), and Western Digital (WDC), peer companies in the technology, hardware, and storage subsectors, generated returns of -3%, -21%, and -44%, respectively, in 2015.

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Moving averages

On January 8, 2016, EMC closed the trading day at $24.47. Based on this figure, here’s how the stock fared in terms of its moving averages:

  • 3.8% below its 100-day moving average of $25.44
  • 4.6% below its 50-day moving average of $25.67
  • 4.6% below its 20-day moving average of $25.66

Moving average convergence divergence and the relative strength index

The MACD (moving average convergence divergence) is the difference between the short-term and long-term moving averages of a company. EMC’s 14-day MACD is -0.01. This negative figure indicates a downward trading trend.

The company’s 14-day RSI (relative strength index) is 33, which shows that the stock is slightly oversold. Generally, if the RSI is above 70, it indicates that a stock is overbought. An RSI figure below 30 suggests that a stock has been oversold.

Apple constitutes 16.9% of the iShares US Tech ETF (IYW).

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