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 4/5/11.

The 10-day moving average of this indicator is 87% and the one-day reading is 90%. Nearly all high relative strength stocks continue to trend higher.

 

This entry was posted on Wednesday, April 6th, 2011 at 6:29 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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