City of London Investment Trust Plc (CTY.L): Tracking the Technicals
Traders following the signals may be on the lookout for the formation of a strong near-term trend. As the markets continue to charge to new heights, investors may be trying to calculate where the markets will be moving in the next few months. With so many names near all-time highs, investors may need to crunch the numbers to evaluate which stocks are still a good buy even at current price levels. Tracking other technical indicators, the 14-day RSI is presently standing at 71.34, the 7-day sits at 79.41, and the 3-day is resting at 91.52 for City of London Investment Trust Plc (CTY.L). CCI is an indicator used in technical analysis that was designed by Donald Lambert. Although it was originally intended for commodity traders to help identify the start and finish of market trends, it is frequently used to analyze stocks as well.