Pullback(redirected from Pull-back)
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The downward reversal of a prolonged upward price trend.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
In a price uptrend, a security's retreat from its previous high. A pullback may be a signal that the uptrend is ending and may be taken as a sign to sell. On the other hand, the pullback may be temporary and the uptrend could continue. In that case, it may be taken as a sign to buy. The meaning of a pullback depends on other technical indicators.
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