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. |