Each morning I scan a wide range of technical indicators covering the major exchanges in the US, Canada and the UK. As the markets ebb and flow, a range of bullish and bearish technical indicators provide valuable data for investors searching for clues as to the market's overall health and trend. Patterns emerge over time that tip the scale in either a bullish or bearish direction.
As of the close on Friday 14th September, the following bullish technical indicators triggered: 351 stocks made new 52-week highs (230 last week), 25 made a bullish crossover of the 50 DMA above the 200 DMA (11 last week), while 407 (227 last week) delivered parabolic SAR buy signals. On the bearish side, 185 stocks made new 52-week lows (323 last week), 22 made a bearish crossover of the 50 DMA below the 200 DMA (15 last week), while 273 delivered parabolic SAR sell signals (543 last week). I will be reporting more frequently on this Technical Indicator Scan in COTD updates in future. If you have questions on any of the indicators our would like to see specific charts on any of the indicators below, please let me know.
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