The Traderszone Network

Published in TZ Latest News 19 March, 2016 by The TZ Newswire Staff

NYSE Percent Above 200MA Turns Up, AD Line Breaks Out

NYSE PERCENT OF STOCKS ABOVE 200-DAY MOVING AVERAGE TURNS UP… The previous Wedneday’s message showed the % of NYSE stocks trading above their 200-day moving average moving up to challenge its fourth quarter high around 40% (after bottoming in January in oversold territory below 20%). Chart 9 shows the percentage figure having broken through that fourth quarter barrier to reach the highest level at 45% in eight months. That’s a positive sign for the market. A further move above 50% would be even more positive.

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