High RS Diffusion Index

The chart below measures the percentage of high relative strength stocks that are trading above their 50-day moving average (universe of mid and large cap stocks.) As of 2/16/10.

The 10-day moving average of this indicator is 37% and the one-day reading is 56%. After reaching a single-day low of 26% on 2/5/10, this oscillator has rebounded sharply.


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