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 10/26/10.

After pulling back to the middle of the distribution in August, high relative strength stocks have moved sharply higher over the last 7 weeks and over 90% continue to trade above their 50 day moving average.

This entry was posted on Wednesday, October 27th, 2010 at 7:39 am and is filed under Markets. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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