Watch the NYSE H/L Data
04/17/2009 10:16 am EST
The number of stocks making new highs or lows can provide valuable information regarding the intermediate-term trend. A lower number of new highs in October 2007 warned of a top as the number of highs peaked in December 2006. Also, the declining number of new lows in March 2009 was positive. So far, the number of new highs remains low.