WebMD Health Corp (NASDAQ:WBMD) breaks trendline resistance


Dallas, Texas 07/15/2013 (Financialstrend) –A Daily white body has formed (because prices closed higher than they opened).

For the past 10 Daily candlestick bars as of 12/07/2013, there are 5 white candles versus 4 black candles with a net of 1 white candle.

For the past 50 Daily candlestick bars as of 12/07/2013, there are 27 white candles versus 22 black candles with a net of 5 white candles.

A Daily rising window has formed (where the top of the previous shadow is below the bottom of the current shadow). This usually implies a continuation of a bullish trend. There have been 4 rising windows in the last 50 Daily candles–this makes the current rising window even more bullish.

The MACD is currently BULLISH. The MACD is currently above the signal line. The MACD crossed above the signal line 0 period(s) ago.  Since the MACD crossed the MACD moving average, WebMD Health Corp’s price has been unchanged, and has fluctuate from a high of 35.280 to a low of 33.020

RSI has just reached its highest value in the last 14 period(s). This is BULLISHsignal.

The Directional Movement Indicators (DMI) is indicating a BUY signal for WebMD Health Corp.

A SAR Buy signal generated today. If you are short, this might be a good place to exit.

The close is currently

ABOVE its 200 daily moving average

ABOVE its 50 daily moving average

ABOVE its 20 daily moving average

The current market condition for WebMD Health Corp is Very Bullish

WebMD Health Corp (NASDAQ:WBMD) broke above the down trend line at 33.82 today.  This is a bullish sign.  This down trend line, currently with an ending point at 30.27, may now provide downside support.  Volume on the day of the breakout was quite heavy–807% above average.  This makes the breakout even more significant.  The most recently confirmed up trend line for WebMD Health Corp has an ending point currently at 26.23.  Expect prices to have some difficulty falling below this trend line.  A break below this trend line (particularly on heavy volume) would be a bearish sign.

On 07/12/2013, WebMD Health Corp closed above the upper Bollinger Band by 29.9%.    Bollinger Bands are 107.84% wider than normal.   The large width of the Bollinger Bands suggests high volatility as compared to WebMD Health Corp’s normal range.  Therefore, the probability of volatility decreasing and prices entering (or remaining in) a trading range has increased for the near-term.  The Bollinger bands have been in this wide range for 15 period(s).  The probability of prices consolidating into a less volatile trading range increases the longer the Bollinger Bands remain in this wide range.