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The One Year Price High
/ Price Low displays the highest high price and lowest low price
traded in the MetaStock base security symbol over the previous one
year period. There is a clear tendency that a new one year
high will be followed by subsequent new highs. The same holds true
for new one year lows.
The percentage of
component issues above their 200 day moving average is
considered a reliable indicator of long term movement in the
securities market. When above 70% and subsequently declining below
70% it is considered to mean that the long term direction of the
market has turned bearish. Vice-versa, when below 30% and
subsequently rising above 30% a bullish indication is given.
The percentage of
component issues trading above shorter term moving averages
provides insight into the shorter term internal strength or weakness
of the index or ETF. Developing and deteriorating trends may be
indicated. |
