(1) The point in time at which a security's price begins to trend downwards after trending upwards. (2) The price level at which a security's price begins to trend downwards after trending upwards.
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The highest price for a security or index over a given period of time. For example, if Stock A has been on a bullish trend for a long time and later begins to decline, the market top is the highest price during its bull market. See also: Fulcrum point, Market bottom.
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The high point of stock prices measured by one or more of the stock averages or indexes. Compare market bottom.
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.