Most financials lose their medium-term uptrends


  • Jason Goepfert

    Jason Goepfert

    Published: 2020-09-24 at 13:15:00 CDT

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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