horizontal count(redirected from Horizontal Counts)
On a point-and-figure chart, the physical width of a congestion area. This is used to estimate the future price of a stock after it leaves the congestion area.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
A measure of the horizontal width of a congestion area on a point-and-figure chart. Technical analysts use the horizontal count to determine a price target for a stock once it breaks out of the congestion area.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.