10 Week MA Break on Record Volume
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 closes below its 10 Week Moving Average (MA) on the heaviest distribution volume of its uptrend (record volume).
Behavior Notes:
1. The close below the 10 Week MA may be the first close below it in many months.
2. It's common to see price break its 10 Week MA on the heaviest volume in its history (record volume), which is even more bearish.
What you need to know
Major tops in stocks have been linked to high volume breaks of the 10 Week MA.
Historical Stock Chart Example 1A & 1B: JetBlue (JBLU) 2003
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Click to enlarge 1A
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Click to enlarge 1B
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