All Posts

AMPH hit an ATH and bounced up off of its 4 week average (red dotted line) which is climbing above the 10 and 30 week averages. Note its GLB in February. AMPH has an RS=99 and Composite=95 and EPS=97. If I bought, I would sell if it closes the week below its 4 wk avg=36.49. A strong advancing stock will hold its 4 wk average for many weeks. AMPH has done so for 7 weeks already.

Failure to hold above a declining 30 week average is a very ominous sign of weakness.   Too many break-outs are failing.  End of quarter mutual fund window dressing is over. Time to be defensive on the sidelines and wait for the signal. The market should reveal its major trend in a week or so.