The Dow Jones Industrial Average also had an island reversal and it ended last week below its 200-day simple moving average at 26,312. The Dow Transportation Average failed to hold its 200-day simple moving average at 9,801 on June 10. The Russell 2000 also failed to hold its 200-day simple moving average at 1,480.96 on June 10. The stochastic reading covers the last 12 weeks of highs, lows and closes for the stock. These levels are modified to a fast reading and a slow reading and I found that the slow reading worked the best.

Source: Forbes June 21, 2020 18:11 UTC