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Technical Watch for Craft Brew Alliance, Inc. (NASDAQ:BREW): 20 Day Upper Keltner Level Hits 11.4883327

There are plenty of different types of stocks that investors have to choose from. Some will opt to be more aggressive with their portfolios while others will choose to play it a bit safer. Blue chip stocks include companies that typically have a high market cap and have been profitable over a long period of time. Growth stocks are typically expected to have a high P/E ratio and a low dividend yield. The idea is that a growth stock will continue to expand and grow into the future. Many investors will be searching for value stocks. Value stocks are typically cyclical in nature and investors may be looking to buy and hold these types rather than try to squeeze out some short-term profits.

Traders following shares of Craft Brew Alliance, Inc. (NASDAQ:BREW) may have noted that the stock most recently closed at 10.06. Going back a full-year, the stock has seen a change of -46.82539683 over that stretch. Taking the focus in to more recent action, shares have seen a move of -2.33236152 over the last week. Over the prior month, the stock has moved -33.35543767. Over the past three months, the stock has moved -25.55555556.

Many traders will look to optimize stock trades by using various technical indicators. The Ichimoku Cloud indicator is highly flexible and is commonly used in conjunction with the RSI to help confirm momentum and overall trends. Let’s focus on a few different Ichimoku readings on shares of Craft Brew Alliance, Inc. (NASDAQ:BREW):

Ichimoku Cloud Base Line: 11.8571
Ichimoku Cloud Conversion Line: 10.0925
Ichimoku Lead 1: 14.76
Ichimoku Lead 2: 15.32

There are multiple moving average indicators that traders may rely on when conducting stock research. One of the most popular is the Simple Moving Average. The SMA is unweighted, meaning that each period in the set of data is weighted equally. Looking at some SMA levels, we can see that the 10 day is 10.0435, the 20 day is 11.17195, and the 30 day is 11.92114333. Tracking some other time periods, we note that the 50 day SMA is 13.26221 , the 100 day is 14.172302 , and the 200 day SMA is currently 14.2649305.

Tracking some one month stock pivot points, we note that the Classic Pivot is 11.37336667, the Classic resistance 1 is 12.52663333, and the Classic support 1 is presently 9.12673333. The Fibonacci one month pivot is 11.37336667 while the Fibonacci support 1 pivot is 10.07460487, and the Fibonacci support 2 is 9.27222847. Looking at one month Woodie pivot, we note the level at 11.070025. The Woodie support 1 pivot is 8.52005, and the Woodie resistance 1 pivot is 11.91995.

Traders focusing on technical analysis may be interested in following the Awesome Oscillator level. Currently, the reading is -2.27387294. Typically, when the Awesome Oscillator moves above the zero line, this would indicate that the short term momentum is rising quicker than the long term momentum. A cross below the zero line would indicate that short term momentum is dropping faster than the long term momentum.

Tracking the Hull Moving Average for Craft Brew Alliance, Inc. (NASDAQ:BREW), we note that the current level is 10.12575926. The Hull Moving Average was introduced by Alan Hull. Swing traders often use this indicator in combination with other signals in order to help identify possible entry and exit spots.

Expanding the technical focus for Craft Brew Alliance, Inc. (NASDAQ:BREW), we see that the Keltner Channels 20 day upper band is 11.4883327, and the 20 day lower band is10.63527739. The Keltner Channels indicator is similar to Bollinger Bands and Moving Average Envelopes.

As we close in on the end of the calendar year, investors may be trying to visualize potential trades for the New Year. There are many professionals that believe that there is still plenty of room for stocks to run even at current levels. Preparing the game plan for the next few quarters may give the investor some new ideas. Staying focused and maintaining discipline may help guide the investor to unchartered territory in the coming months. Tracking market events from multiple angles may also help provide some enhanced perspective.  

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