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Feb
19

Moving Average Penetration on a Monthly Timeframe

By Rennie on Friday, February 19th, 2010 at 2:34 am

Cumulative TICK closed at +66,800 Thursday as NYSE TICK action has remained consistently positive for the past seven sessions, with no closing readings below +30,000. Note from the chart that the 20-day moving average is trending higher, and that’s likely to continue given that negative readings from late January will be falling off the average over the next seven sessions. A rising moving average…
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