Technical Review on Shares of BHP Billiton PLC (BBL)

The firm's 50-day moving average price is GBX 1,398.73 and its 200 day moving average price is GBX 1,275.15.

Several research analysts have recently commented on the company.

Investors may be trying to decide if stocks will make new highs before the year is out, and whether or not the bull market will celebrate its 9th anniversary next year. Plowing through the fundamentals may help sort out some of the questions that investors may have that come along with trading at these levels.

Doing the necessary homework, investors have a wealth of information about publically traded stocks. The 14-day RSI is now sitting at 35.49, the 7-day is at 24.06, and the 3-day is spotted at 10.51 for BHP Billiton PLC (BLT.L).

Traders may be narrowing in on the ATR or Average True Range indicator when reviewing technicals. The ADX was introduced by J. Welles Wilder in the late 1970's and it has stood the test of time. Although the CCI indicator was developed for commodities, it has become a popular tool for equity evaluation as well. Jefferies Group LLC lifted their target price on BHP Billiton plc from GBX 1,450 ($19.50) to GBX 1,500 ($20.17) and gave the company a hold rating in a research note on Thursday, August 31st. In general, an ADX value from 0-25 would indicate an absent or weak trend. A reading under 20 would indicate no trend, and a reading from 20-25 would suggest that there is no clear trend signal. A value of 50-75 would identify a very strong trend, and a value of 75-100 would lead to an extremely strong trend. Traders may also use the reading to identify overbought/oversold conditions.

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The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of stock price movements. RSI can be used to help spot overbought or oversold conditions. RSI measures the magnitude and velocity of directional price movements. Values can range from 0 to -100. Values above 70 are signs of a strong trend for either component, while values that are less than 30 show that primary trend is weakening and opposing trend is picking up. An RSI reading over 70 would be considered overbought, and a reading under 30 would indicate oversold conditions. A CCI reading above +100 would imply that the stock is overbought and possibly ready for a correction. After a recent check, the 14-day RSIfor Datron AG (DAR.DE) is now at 66.90, the 7-day stands at 67.85, and the 3-day is sitting at 71.86.

BHP Billiton PLC (BBL)'s Williams Percent Range or 14 day Williams %R presently is at -98.45.

Traders may be relying in part on technical stock analysis. Aroon is used to measure the presence and strength of trends. A CCI reading closer to +100 may indicate more buying (possibly overbought) and a reading closer to -100 may indicate more selling (possibly oversold). Moving averages are considered to be lagging indicators that simply take the average price of a stock over a specific period of time. They may also be used to help find support or resistance levels.

Another technical indicator that may be a powerful resource for determining trend strength is the Average Directional Index or ADX.

A widely used tool among technical stock analysts is the moving average. On the other side, a stock may be considered to be in a downtrend if trading below the moving average and sloping downward. Taking a glance at the relative strength indictor, we note that the 14-day RSI is now at 66.90, the 7-day stands at 67.85, and the 3-day is sitting at 71.86. Alternately, if the indicator goes under -80, this may show the stock as being oversold. This may seem like an oversimplified statement, but there are many novice investors who often do the complete opposite. Many investors may feel like they have missed out on the markets getting to where they are today. Successful investors are typically able to locate stocks that are undervalued at a certain price.

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