52-Week Highs Outnumber Lows In An Overbought Market

The net percentage of S&P 500 stocks at 52-week highs has stayed above zero for 38 straight trading days, meaning new highs have continued to outnumber new lows. The index has also closed more than two standard deviations above its 50-DMA eight times in the last ten trading days.

Source: Seeking Alpha

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Category General

Source Seeking Alpha

Published 1 month ago

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News ID #7,475

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