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The smallest price of a stock over a given period of time, especially when the price has first been reached. That is, when a stock's prices have dipped below the previous record for a given period of time, analysts and reporters say that prices have reached "a new low." This is generally considered a bearish sign, especially when other indicators are also bearish.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
The number of stocks that drop below the lowest price reached by each stock during the most recent 52-week period. Falling stock market averages accompanied by a large number of new lows tend to confirm that a bear market is in progress. Technicians consider an increasing number of lows to be a bearish sign, especially if accompanied by other bearish indicators. Conversely, record lows by market averages not accompanied by an increasing number of individual lows would be suspect. Also called new lows. Compare highs.
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.