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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
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.
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The horizontal count is down 6.8 per cent from the record high of 1,193 set in May.
Oil-directed horizontal rigs represent about 72 per cent of the horizontal count, up from 53 per cent at the start of the year.
The horizontal count is down 7.4 per cent from the record high of 1,193 set in May.
But the horizontal count is down just 3.5 per cent from the record high of 1,193 set in May.
The horizontal count hit an all-time high of 1,185 in late January.

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