Breadth Indicator

Breadth Indicator

Any indicator that measures the relative strength of a price movement either upward or downward. One may think of a breadth indicator as a measure of the likelihood of the persistence of an upswing or a downturn in a security's price. Technical analysts use various breadth indicators to make their recommendations or investments.
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References in periodicals archive ?
Sundial Research's Jason Goepfert highlighted Monday that a breadth indicator was pointing to a "historically split market," as multiple stocks jumped to new 52-week highs while others sunk to 52-week lows.
* Relative breadth indicator.--Chart the two companies' activity by patent class.