Extreme A/D Reading

10/08/2008 9:46 am EST

Focus: STOCKS

Thomas Aspray

, Professional Trader & Analyst

chart

The NYSE A/D numbers over the past two days have been some of the most extreme in the past 20 years. The chart shows that the McClellan Oscillator has dropped towards the July 2007 lows. It is oversold, but it would need several days of very positive A/D numbers to signal more than an oversold rally.

  By clicking submit, you agree to our privacy policy & terms of service.

Related Articles on STOCKS

Keyword Image
Mastercard: Ready to Charge?
12/07/2018 5:00 am EST

Mastercard (MA) reported third quarter revenues rose 15% to $3.9 billion with net income charging 33...

Keyword Image
Northrop Grumman Plays Defense
12/07/2018 5:00 am EST

Northrop Aircraft was incorporated in 1939 when the company built its first aircraft; today, Northro...