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Percent of Stocks Above 50-Day Average (INDEX:MMFI)

INDEX:MMFI Percent of Stocks Above 50-Day Average

trendanalysis chartpattern indicator stocks market

Right now 60% of stocks in the market are above their 50 day moving averages. Is it a good time to buy? Take a look back at last year when less than 10% of the market was above the 50 day MA. There's definitely more selling ahead.

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