Right Side Price Thrust

Note:  The historical stock examples given below are for EDUCATIONAL USE ONLY.  They ARE NOT to be used to make buy/sell decisions in today's market.  For more information, please read the HSR Terms of Use.

Description

Price rallies on expanding range AND volume as it comes off a low or scales the right-hand side of its base.

What you need to know

1. Similar to a Price Thrust Above Rising 10 Week MA, the price range of a Right Side Price Thrust may act as a support zone during future retracements.
2. Thrusting shows power and indicates strong demand for a stock.  If thrusting occurs as a stock is coming up the right side of its base, the stock may be getting ready to break out and provide leadership for the market.

Historical Stock Chart Examples 1A-1C:  Cree (CREE) 1999

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