The GMI fell one, to 3 (of 6) as the 10 Day Successful New High Index turned negative. The GMI-R remained stable at 7 (of 10). The QQQQ short term up-trend remains intact, having completed its 27th day on Wednesday. There were 60 new highs and 49 new lows in my universe of 4,000 stocks on Wednesday. Meanwhile, ITRI seriously weakened and I am selling my position.
What do you think of Itron after the breakout today … 4.2% up on over twice it’s average daily volume?