Fibonacci Analysis: Fibonacci analysis evaluates the short term (30 days) intermediate term (60 days) and long term trends (120 days) and retracements. Stocks that retrace 38.2% or less of a trend will usually continue the trend. Retracements exceeding 61.8% indicate a reversal. Alerts will include ABC's up/down (multiple 38% retracements) and various reversal signals.
Time FrameTrend38.2%50%61.8%
Long 216.8925 to 279.4 . 247.65 (50.79%) .
Intermediate 279.4 to 247.65 . 260.5724 (40.70%) .
Short 269.53 to 247.65 . 260.5724 (59.06%) .