horizontal count

Horizontal Count

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.

horizontal count

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.
Mentioned in ?
References in periodicals archive ?
Oil-directed horizontal rigs represent about 72 per cent of the horizontal count, up from 53 per cent at the start of the year.
Oil-directed horizontal rigs now represent about 70 per cent of the total horizontal count, up from just 53 per cent at the start of the year and 43 per cent one year ago.
The horizontal count hit an all-time high of 1,185 in late January.

Full browser ?