SERCO GROUP PLC LS-02 (SEO.DE) Stochastic Momentum Index Reaches Key Pivot Point

SERCO GROUP PLC LS-02 (SEO.DE)’s Stochastic Momentum Index is diving lower and has passed the key level of -40, indicating possible oversold territory.  The SMI indicator was developed by William Blau ad presented in Technical Analysis of Stocks & Commodities magazine in 1993, ten years after the original stochastic was invented.  The oscillator fluctuates between -100 and …

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