Stock Market Technical Indicators & Analysis
These are worth researching. They all reached an ATH in the past 10 weeks, have a weekly 10.4 stochastics>=80 for at least the past 10 consecutive weeks and come from my watchlist of IBD/MS stocks. The list is sorted by current price/price 250 days ago.
The GMI is Green and registers 6 (of 6).
GEHC came public in December, 2022. Last week it closed at an ATH, after a many months long consolidation. See weekly and monthly charts. To remain a successful GLB, it must not close below the green line, at 87.83.
SMCI had a wonderful GLB on January 19 and rocketed higher. However, note the huge volume on the down day on Friday. This could reflect a similar overbought situation with other high flyers. Be careful. We have had a strong market during the release of 4th quarter earnings. I suspect we are likely to have some weakness into late March until first quarter earnings are upon us. For now, I have close sell stops on my positions. I am unlikely to add anything new now but will look to buy future oversold bounces on any significant market weakness.
