High RS Diffusion Index
Apr. 27, 2011 9:40 AM ET
Dorsey Wright Money Management's Blog
306 Followers
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The chart below measures the percentage of high relative strength stocks that are trading above their 50-day moving average (universe of mid and large cap stocks.) As of 4/26/11.
The vast majority of high relative strength stocks continue to trend higher. The 10-day moving average of this indicator is 69% and the one-day reading is 84%.
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