Stock Market Technical Indicators & Analysis
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.
These stocks traded at an ATH on Friday and are on my watchlist of stocks that have been on IBD or MS lists. They are sorted by close Friday divided by lowest price the past 250 days. They all traded at an all-time high on Friday. VTS, with ****, is an IPO within the past 250 days.
The GMI, at 5 (of 6) is still on a Green signal.
30 week average (red line) curving up.
RWB weekly up-trend begun.
