Super Thrust Above Rising 10 Week MA
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 range expands AND volume surges to the highest level ever as price rallies above its rising 10 Week MA.
Behavior Note: Price should close in the upper half of its trading range and the weekly volume total must be the heaviest for an "up week" in the stock's history.
What you need to know
- Super Thrusts Above a Rising 10 Week MA indicate extremely strong interest in a stock. They may help you find emerging/secular investment themes before a move higher takes place in a stock.
- The price range of a Super Thrust may act as a support zone during future corrections. This may help you anticipate potential reversal zones during retracements/basing periods.
Historical Stock Chart Examples 1A & 1B: EMC 1992-1993
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Click to enlarge 1A
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Click to enlarge 1B
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