The Greedy Trader Weekly Analysis
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Baxter International Inc.
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Summary:
Weekly :Overbought sectorBroken trend resistance lineBroken trend resistance line
Daily :Williams' Percentage Range and Lane's Stochastic are overbought
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It was a third consecutive positive week for the Baxter International Inc. (BAX). During the week, the BAX climbed 0.31 points, or 0.47%, and closed at 66.81 on Friday, January 11, 2019. Weekly volume was 12% above average.

BAX is a member of Healthcare Sector. Healthcare is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See BAX long-term trend chart]
A long-term uptrend had started on July 1, 2010 at 21.86 and reached 78.38 on September 20, 2018. BAX gained -56.52 points, or -258.55%, in 429 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (40.49) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See BAX medium-term trend chart]
A medium-term downtrend had started on September 20, 2018 at 78.38 and reached 61.05 on October 31, 2018. BAX lost 17.33 points, or 22.11%, in 5 weeks. The chart has formed a Ascending Triangle chart pattern. The downtrend resistance line (61.52) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. BAX may retest the broken resistance line. It is considered to be a support line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See BAX weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since October 5, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See BAX short-term trend chart]
A short-term uptrend had started on December 24, 2018 at 61.40 and reached 67.68 on January 9, 2019. BAX gained -6.28 points, or -10.23%, in 16 days. The price is now at the 13.85% retracement level.

Daily Technical Indicators: [See BAX daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.

The daily MACD line is above its signal line since December 28, 2018. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.61
Williams' Percentage Range (W%R) 12.40
Overbought
Lane's Stochastic (%D-Slow) 83.12
Overbought
Greed/Fear Indicator (GFI) 79.11
Moving Average Converg./Diverg. (MACD) -0.09
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 38.25
Williams' Percentage Range (W%R) 66.20
Lane's Stochastic (%D-Slow) 43.33
Greed/Fear Indicator (GFI) 41.21
Moving Average Converg./Diverg. (MACD) -1.16
Trading Signals
Description Value Chart
Upper Bollinger Band 68.85
Daily Stochastic Crossing 67.07
Price 66.81
Parabolic System 65.94
50 Day Moving Average 65.23
20 Day Moving Average 65.17
Weekly Stochastic Crossing 64.99
Monthly Trendline Resistance 64.78
Lower Bollinger Band 62.69
Monthly Trendline Support 61.52
Sector and Industry
Description Name Rank
Sector Healthcare 9
Industry Medical Instruments/Supls 133
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 64.13
Low Date 01/03/2019
High 67.68
High Date 01/09/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 61.40
Low Date 12/24/2018
High 67.68
High Date 01/09/2019
Description Value
Direction Down
Chart Pattern Ascending Triangle
Status Broken Resistance
Resistance 64.78
Support 61.52
High 78.38
High Date 09/20/2018
Low 61.05
Low Date 10/31/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 32.18
Low Date 10/02/2015
High 78.38
High Date 09/20/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 50.25
Support 40.49
Low 21.86
Low Date 07/01/2010
High 78.38
High Date 09/20/2018
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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