5+ Consecutive Higher Highs: These are stocks that have made a higher high for five or more consecutive days and are trading below their 200-day moving average.
Our research shows that stocks trading below their 200-day moving average that make higher highs for five or more days have shown negative returns, on average, 1-day, 2-days and 1-week later.
Historically, these stocks have provided traders with a significant edge.
Canetic Resources Trust (NYSE:CNE - News). CNE's PowerRating is 3. PowerRatings are courtesy of PowerRatings.net
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