Anavex Life Sciences Corp (AVXL)

[maverick_1]

Xena re:XENALIVES re :Your post stinks to high heaven too!

If one goes to Stockcharts.com and under Sharp Charts:

Input as one indicator this:

Ulcer Index:

The following comes from Peter G. Martin himself:

“Ulcer Index measures the depth and duration of percentage drawdowns in price from earlier highs. The greater a drawdown in value, and the longer it takes to recover to earlier highs, the higher the UI. Technically, it is the square root of the mean of the squared percentage drawdowns in value. The squaring effect penalizes large drawdowns proportionately more than small drawdowns.”

It is hard to say it much better than that so we will leave it as is.

https://school.stockcharts.com/doku.php?id=technical_indicators:ulcer_index

AVXL's Ulcer Index is still close to it's recent highs

Perhaps the upcoming AVXL 2Qtr PR/CC might reverse for a bottoming out phase.

DIFFERENT STROKES FOR DIFFERENT FOLKS