SentimentEdge report

Jason Goepfert

9-22-2020 at 1:00 pm

Streak of highs beating lows finally ends

For the first time in more than 4 months, there were more 52-week lows than 52-week highs among securities traded on the NYSE. Stocks struggle when this figure is negative; the sole caveat is that after a long streak of positive momentum, the first drop into negative territory has preceded good medium-term returns.

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