The purpose of the Bollinger Bands is to provide a relative definition of high and low. By definition prices are high at the upper band and low at the lower band. This definition can aid in rigorous pattern recognition and is useful in comparing price action of the action of indicators to arrive at systematic trading decision.
Calculation: Bollinger Bands:
1) Middle Band = 20-day simple moving average (SMA);
2) Upper Band = 20-day SMA + (20-day standard deviation of price x 2);
3) Lower Band = 20-day SMA - (20-day standard deviation of price x 2);
PROFILE: Webster (WBA.AX)
Stock Exchange: ASX
Ticker Codes: | WBA.AX | ASX:WBA |
Webster Limited operates as an agribusiness company in Australia. The company operates in two segments, Agriculture and Horticulture. It produces annual row crops, including cotton, wheat, maize, and walnuts, as well as breeds livestock; and other crops, such as corn, cereals, and legumes. The company also exports its products in Europe, the Middle East, and Asia. Webster Limited was founded in 1831 and is based in Leeton, Australia.
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