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Note that the 10 week average (dotted line) is rising above the rising 30 week average (red solid line). In the past this has been the pattern marking the end of a major down-trend. Gray line is the weekly close.

This pattern works for individual stocks too.

On the way up and then down.

30 week average (red line) curving up.

RWB weekly up-trend begun.

List contains US and foreign stocks and is ordered by close divided by low price past 25o days. About half have already doubled from their yearly low. Flagged stocks are on my watchlist built from recent IBD and MS lists.

ENLT has had an IPO break-out. See weekly chart.