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Charting
The relationship of the Stock Trends symbols to the commonly depicted method
of graphing moving averages and the related price history of a stock is illustrated
in the following graph:
The Stock Trends weak bullish indicator ( )
alerts readers to a possible change in trend. When the current closing price
is more than 3% below its 13-week moving average while the 13-week moving average
remains above the 40-week moving average, a stock is labeled with a weak bullish
indicator.
The Stock Trends weak bearish indicator ( )
alerts readers to a possible change in trend. When the current closing price
is more than 3% above its 13-week moving average while the 13-week moving average
remains below the 40-week moving average, a stock is labeled with a weak bearish
indicator.
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