NASDAQ 100 Index Stocks Trading Above 40 Day Moving Average
This is a chart of how many stocks in the NASDAQ 100 Index are trading above their 40 day simple moving average, plotted below a chart of the NASDAQ 100 Index. Areas of strength in this stock market breadth indicator are highlighted with a red background (over bought), and areas of weakness are highlighted with a green background (over sold).
As of right now, 8/12/2010, the indicator is Neutral, with 38 stocks in the NASDAQ 100 index trading above their 40 day simple moving average.
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Here are some other NASDAQ 100 Composite market breadth indicators that may be of interest:
Composite stocks trading at new yearly highs