Online broker optionsXpress, a wholly owned subsidiary of optionsXpress Holdings (Nasdaq: OXPS), has introduced a powerful new technical analysis tool, Advanced Chart Patterns.
Creating a unique evaluation tool, optionsXpress has added real-time market data to state-of-the-art chart pattern software from Recognia, enhancing the ability of investors to identify and act on opportunities quickly.
"Technical analysis has become a more widely used tool by investors, so allowing optionsXpress customers to easily search for equities based on dozens of popular technical pricing trends is a significant enhancement to our platform," said David Kalt, CEO of optionsXpress Holdings, "With Advanced Chart Patterns, we have further strengthened our innovative educational and evaluation tools, helping customers find and take advantage of new investing opportunities before the markets make their next move."
Technical analysis is simplified through Advanced Chart Patterns, which allows investors to quickly search for bullish, bearish and other trends among thousands of securities. Investors can access 36 different technical trends from the familiar, such as Double Bottoms, Head and Shoulders, Moving Average Crossovers and Breakouts, to the more esoteric, such as Bearish Symmetrical, Continuation Triangle or Descending Continuation Triangle.
"We have long been impressed by how optionsXpress can take something complex and simplify it," said Rick Escher, President and CEO of Recognia "With Advanced Chart Patterns, the company is taking technical analysis to another level, making it accessible and actionable for all levels of investors."