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 5/17/11.
The 10-day moving average of this indicator has remained above 50% since July of last year as the majority of high relative strength stocks have continued to trend higher. The 10-day moving average of this indicator is 64% and the one-day reading is 54%.
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