SentimentEdge report

Jason Goepfert

9-24-2020 at 1:15 pm

Most financials lose their medium-term uptrends

For the first time since May, fewer than 15% of financials managed to hold above their 50-day moving averages. This comes during a poor market environment for the sector, with fewer than 50% of them above their 200-day averages. This has led to much worse returns than when more than 50% were above their long-term trends.

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